Secretary of Commerce Should Chair CFIUS

Open and transparent investment policies contribute toward greater economic growth through foreign investments. And, in this post-9/11 world, we must remain vigilant against any national security threat.  The Committee on Foreign Investment in the United States (CFIUS) has a good record of serving both purposes, and this legislation reforming CFIUS will make it even more effective.  I appreciate the support of the Committee for my amendment.  This amendment makes the Secretary of Commerce the chair of CFIUS, as Congress originally intended  (currently, the CFIUS chair is the Secretary of the Treasury).  With Commerce in the chair, CFIUS will be better able to review impending foreign investments, better report its findings to Congress, and better maintain the U.S. market as the most vibrant and open in the world.

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