Cornyn sees CFIUS reform bill markup soon as Trump blocks Chinese deal

Sen. John Cornyn (R-TX), the author of a bill to reform the national security watchdog Committee on Foreign Investment in the United States, believes his legislation will begin to move soon. Meanwhile, President Trump, under recommendation from CFIUS, this week exercised his authority to block the acquisition of a U.S. semiconductor company by a Chinese firm. Bringing further attention to CFIUS, the Senate Banking Committee on Sept. 14 held a hearing on CFIUS reform that centered largely on the threat...