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Senate panel to mark up FIRRMA bill without outbound investment language

May 14, 2018 at 7:42 AM
The discussion draft of the Foreign Investment Risk Review Act that the Senate Banking Committee will mark up on May 22 does not include language that would authorize the Committee on Foreign Investment in the United States to review outbound investments for technology transfers that could harm U.S. national security, a win for companies and business groups that had lobbied against it. The language that would have given CFIUS authority to review outbound investment was found in Section 3(a)(5)(B)(v) of...

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