Crapo signals slow path for CFIUS reform as Cornyn stresses urgency

Senate Majority Whip John Cornyn (R-TX) is continuing to rally support for his bill to modernize the Committee on Foreign Investment in the United States, but the chairman of the Senate Banking Committee, Mike Crapo (R-ID), still has some apprehension about the bill’s balance. Regardless of Crapo's apprehension, however, opponents of the Foreign Investment Risk Review Modernization Act are in a tough spot, sources say, because the administration is considering unilateral implementation of the bill or parts of it in...