As the debate over tariffs on Chinese products and a potential trade war intensifies, there’s another battle emerging.
It concerns a multi-governmental agency called CFIUS – the Committee on Foreign Investment in the United States. CFIUS reviews foreign purchases of American companies to make sure they don’t jeopardize national security.
But a bipartisan group in the U.S. House and Senate says the committee needs expanded powers. In the House, North Carolina Congressman Robert Pittenger is leading an effort to overhaul CFIUS.