AFL-CIO backs CFIUS reform bill, warns against weakening it

The AFL-CIO has thrown its weight behind the Foreign Investment Risk Review Modernization Act and advised against changes to it. “The Foreign Investment Risk Review Modernization Act (FIRRMA) is a reasoned approach that balances the desire to maintain an open investment climate and our security interests,” AFL-CIO director of government affairs William Samuel wrote in an April 23 letter to House Financial Services Committee Chairman Jeb Hensarling (R-TX) and ranking member Maxine Waters (D-CA). “Efforts to diminish the scope of...