Lawmakers Worry About Chinese, Russian Companies Buying U.S. Businesses

[rangerrebew]

 Lawmakers Worry About Chinese, Russian Companies Buying U.S. Businesses
Posted By Morgan Chalfant On September 21, 2016 @ 5:00 am In National Security | No Comments

U.S. lawmakers are pushing for a review of the federal committee that assesses the national security implications when a foreign company buys a U.S. business, amid concerns about state-controlled Chinese and Russian companies acquiring American assets.

The Committee on Foreign Investment in the United States is authorized to review transactions resulting in foreign control of U.S. businesses in order to determine the resulting implications for national security. The committee was established through executive order in 1975 during the Gerald Ford administration, but its procedures have not been significantly updated since 2008, a fact that lawmakers say warrants a review by the Government Accountability Office.

 

Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/national-security/lawmakers-worry-chinese-russian-companies-buying-u-s-businesses/

[rangerrebew]

Why bother worrying about it if they aren't going to do anything about it - which you know they won't.

[libertybele]

?? This has been going on for decades!!  Not only are they buying up prominent corporations but they are bidding on our infrastructure and goods to make buildings and houses.  As an example, there was a major lawsuit against builders who used Chinese drywall which actually emitted toxins into the homes and increased in humid areas -- Florida was one of those states along with 19 others.

http://money.cnn.com/interactive/economy/chinese-acquisitions-us-companies/

http://www.usatoday.com/story/news/nation/2014/05/02/chinese-drywall-adverse-health-effects-wallboard/8574707/