Schumer, Pelosi, others call for executive action on outbound investment

Editor's note: This story has been updated with additional information on Thursday's Senate Banking Committee hearing. Senate Majority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA), along with the sponsors of the National Critical Capabilities Defense Act, on Tuesday called on President Biden to take executive action to create an outbound investment review mechanism they say would enhance U.S. security in the face of Chinese and Russian threats. Sens. Bob Casey (D-PA) and John Cornyn...