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Article: Bush issues executive order to implement law on national security reviews
- Article from:
- AP Worldstream
- Article date:
- January 24, 2008
- Author:
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President George W. Bush has signed an executive order that implements a law Congress passed last year to tighten national security reviews of proposed foreign investments.
In a statement, Bush said the new process "reaffirms our commitment to open economies and our policy of welcoming foreign investment and the important economic benefits that such investment can bring."
The executive order reflects changes that Congress implemented after the uproar in 2006 over a plan by Dubai-owned DP World to manage six of the largest ports in the United States. The deal fell through after lawmakers from both parties contended the administration and the agency responsible for ...