CFIUS needs more resources, former officials tell House panel

Former Defense, Treasury and Commerce department officials told a House subcommittee on Thursday that the watchdog Committee on Foreign Investment in the United States needs more resources to perform its duties. “[T]he greatest problem facing CFIUS today is not a lack of authority, though additional authority is warranted, but rather a lack of resources,” Robert Kimmitt, former deputy secretary and general counsel of the U.S. Treasury, said in testimony submitted to the House Financial Services monetary policy and trade subcommittee...