The House Select Committee has been busy. Last week alone, they held a “field hearing” in New York; disclosed an investigation into Wall Street firms; issued a subpoena regarding an unlicensed California lab; and penned a letter to Treasury Secretary Yellen regarding Gotion. Details inside.
The House Financial Services Committee will host a hearing on CFIUS oversight this week. Part of the hearing will be classified, and it looks like several legislative proposals — including one that would put the Agriculture Secretary on CFIUS — may be on the agenda. Details, witnesses, more inside.
Last week, the U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on “Countering China,” which featured testimony from CFIUS head Paul Rosen and others. Inside is a summary of relevant testimony, key insights, question-and-answer highlights, and more.
In case you missed it, the House Financial Services Committee recently held a five-hour hearing (yes, you read that right) on the economic threat from China. The hearing explored a wide array of issues, including outbound investment. Details, summary, testimony, and additional resources are inside.