Mnuchin, Sessions back Cornyn’s CFIUS reform bill

Treasury Secretary Steve Mnuchin and Attorney General Jeff Sessions are supporting a legislative effort led by Senate Majority Whip John Cornyn (R-TX) to reform the Committee on Foreign Investment in the United States, Cornyn’s office announced Friday. Cornyn's is pushing a bill called the “ Foreign Investment Risk Review Modernization Act ” that would expand the ambit of the committee to counteract what Cornyn and others see as a growing threat – from China and other countries – to U.S...