Pentagon weighs new legislation to bolster foreign investment scrutiny

By Justin Doubleday / May 5, 2020 at 5:00 AM
The Pentagon’s top weapons buyer is eyeing legislation to boost the U.S. government’s ability to scrutinize foreign investments, as officials worry about shell companies and “adversarial” investments in critical suppliers who may be especially desperate for cash during the COVID-19 outbreak. The latest push to hand new powers to the Committee on Foreign Investment in the United States comes just two years after Congress passed sweeping CFIUS reforms. During an April 30 press conference at the Pentagon, Under Secretary of...

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