Software company Oracle backs Cornyn’s CFIUS bill

Software giant Oracle has thrown its support behind Senate Majority Whip John Cornyn’s (R-TX) bill to expand the authority of the Committee on Foreign Investment in the United States, arguing that the legislation would better protect national security without strangling foreign investment. “Oracle supports an open marketplace and recognizes the benefits of foreign investment in the United States, but we also believe caution must be exercised to ensure that such investments are not in effect used to transfer technology and...