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Article: TWO MEASURES INTRODUCED TO IMPEDE PORT TAKEOVER.(United States)(Dubai Ports World)
- Article from:
- WWD
- Article date:
- February 28, 2006
CopyrightCOPYRIGHT 2006 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kristi Ellis
WASHINGTON - A bipartisan group of senators introduced two separate bills Monday to block the takeover of operations at six U.S. ports by an Arab-owned firm because of national security implications.
The move came after the company, Dubai Ports World, reached a compromise on Sunday with Congressional critics of the deal and asked the Bush administration to undertake a new 45-day investigation.
Five Democrats, led by Sen. Charles Schumer (D., N.Y.), and five Republicans introduced a bill that would temporarily halt the takeover, pending the 45-day review and Congressional oversight.
"The new agreement [between Dubai ...