The House and Senate have passed separate bills to modify the process the U.S. uses to evaluate the security implications of potential foreign investments.
Congress will have to address the differences between the two when it returns: Cfius overhaul back in spotlight (Stephanie Kirchgaessner, Financial Times, August 23):
After months of debate about how to reform the Committee on Foreign Investment in the United States (Cfius), the Treasury-led panel that reviews such deals, most insiders say legislators will pass a law that resembles the House proposal, which has been endorsed by the business community, or do nothing.
The House bill would force Cfius – which was lambasted for approving the sale of five US port terminals to Dubai-based DP World – to conduct mandatory 90-day investigations of all sensitive acquisitions by foreign state-owned companies. It would also require Cfius to notify relevant congressional committees once investigations into a deal are closed....
But with all eyes in Washington fixed on November’s elections, one lobbyist close to the debate says questions over DP World and other deals could resurface and colour the final outcome of the legislation.