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House passes CFIUS expansion as Trump talks of trying to check China

June 26, 2018 at 4:58 PM
The House on Tuesday voted overwhelmingly for the Foreign Investment Risk Review Act to expand the jurisdiction of the Committee on Foreign Investment in the United States, which President Trump suggested might be enough to protect companies in the U.S. from Chinese investments that could threaten national security. FIRRMA, which allows CFIUS to review a broader range of transactions for national security threats, was passed by the Senate earlier this month as part of the National Defense Authorization Act. The...

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