Crapo puts the brakes on Cornyn’s 'urgent' push for CFIUS upgrades

Senate Majority Whip John Cornyn (R-TX) wants his legislation to update and broaden the authority of the Committee on Foreign Investment in the United States to get moving as soon as possible, but the chair of the Banking Committee, which must clear the bill before it gets to the Senate floor, this week downplayed chances of moving it quickly. “We’re still working; there’s a number of parties interested in the CFIUS bill, not just a number of senators but the...