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Article: COUNCIL ON FOREIGN INVESTMENT IN THE UNITED STATES BILL COSPONSORED BY REP. GARRETT PASSES HOUSE WITH UNANIMOUS SUPPORT
- Article from:
- US Fed News Service, Including US State News
- Article date:
- February 28, 2007
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Rep. E. Scott Garrett, R-N.J. (5th CD), issued the following press release:
Today, the House of Representatives unanimously passed a bill co-sponsored by Rep. Scott Garrett to ensure that the Council on Foreign Investment in the United States (CFIUS) never again allows a transaction like the infamous "Dubai Ports" fiasco of 2006 to slip through the cracks. The National Security Foreign Investment Reform and Strengthened Transparency Act creates new levels of accountability, transparency and oversight that require Congress be informed about CFIUS' activities on a regular ...