House Bill Would Give CFIUS More Power to Block Foreign Investment
Reps. Jared Golden, D-Maine, and Greg Steube, R-Fla., introduced legislation Aug. 15 that would allow the Committee on Foreign Investment in the U.S. to block entities connected to countries of concern from investing in new and existing facilities or businesses in the U.S.
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The CFIUS proposal is intended to ensure the U.S. doesn't sell its assets to countries that don't share its interests. It is included in a bill, the Secure Trade Act, that deals mostly with tariffs.