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Omnibus includes $20 million for outbound investment review

December 23, 2022 at 12:51 PM
The omnibus spending bill expected to be passed by the House and signed into law on Friday includes $20 million for the Commerce and Treasury departments to set up an outbound investment initiative if President Biden orders its creation, according to explanatory statements accompanying the bill and a Senate aide. The Senate passed the omnibus bill on Thursday, sending it to the House. Government funding expires on Friday; to avoid a government shutdown, the House must pass the bill and...

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