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.
Hot TopicsCongressional Letters
It’s not uncommon for U.S. Congressional leaders to send letters to the Treasury Secretary, urging that CFIUS review a particular transaction. But its rare letters also get sent to the Departments of Justice, Commerce, State, the SEC, and U.S. Customs and Border Protection. Until now. Details, letters inside.
Experts say the collapse of Silicon Valley Bank and Signature Bank has raised important questions regarding foreign investment and national security. Among them: Might SVB assets, or even FDIC rescue capital, end up in the hands of entities controlled by the People’s Republic of China? Insights inside.
As readers know, we try to track all letters sent by Congressional leaders to the Treasury Secretary regarding foreign investments. The latest communique, from a pair of outspoken U.S. Congressmen, involves a pending Chinese investment in GEO Semiconductor. Details inside.
In a letter to Treasury Secretary Janet Yellen, U.S. Senator Chris Murphy (D-Conn.) urged CFIUS “to immediately conduct a review” of changes to Twitter’s ownership, including the stake held by Saudi Arabia. But experts say CFIUS may not have jurisdiction. Insights and the letter are inside.
Citing “inaccuracies” in foreign investment data collected by the Department of Agriculture, more than 100 U.S. House Republicans have asked the Government Accountability Office to study foreign investment in U.S. farmland, and its impact on national security. Details and the letter are inside.
Rep. Patrick McHenry (R-NC), Ranking Member on the House Financial Services Committee, is the latest to chime in on national-security reviews of outbound investments, urging the Biden Administration to avoid resorting to “unilateral measures.” Details, the letter, and others are inside.
In a letter to the chair of the Senate Banking Committee, three former national security officials have registered their concerns about the proposed Committee on National Critical Capabilities, which would oversee an “outbound” investment screening regime. Details and the letter are inside.
Two weeks ago, we noted in our downloadable spreadsheet of CFIUS disclosures that the Committee was “apparently interested” in real-estate acquisitions by Fufeng Group in Grand Forks, North Dakota. Now, a group of U.S. Senators has crafted a letter making sure it’s a priority.
A group of Republican Senators has delivered a very demanding letter to Treasury Secretary Janet Yellen seeking answers regarding the Biden administration’s “delayed response” to the national security and privacy risks posed by TikTok. Details, the letter, context, and more are inside.
U.S. Treasury Secretary Janet Yellen has received another CFIUS-related inquiry from a U.S. Congressman. But the latest letter seems a little more demanding than usual, asking whether a declaration was filed regarding a specific transaction, and seeking related information. Details inside.
A group of U.S. Senators has sent a letter to U.S. Treasury Secretary Janet Yellen, urging her to have CFIUS conduct a review of a particular transaction. This isn’t the first time this has happened. Details, precedent, the letter, and insights on how it will be received by Sec. Yellen are inside.
Congressional leaders want the UK government to prevent the sale of a British semiconductor facility to a Chinese-controlled company. In a letter to Pres. Biden, the group urges action, threatening to revoke the UK’s “excepted foreign state” status with CFIUS. Details and letter inside.
In a recent letter to Treasury Secretary Janet Yellen, two Federal Maritime Commissioners have requested that CFIUS review the national security implications of a bid for Ports America by a Canadian pension fund. Details, the letter, contacts, and context are inside.
Two U.S. Senators have sent a letter to Treasury Secretary Janet Yellen, renewing a request to have CFIUS review the transactions of Brazilian meatpacking conglomerate JBS. Details, prior attempts, context, and the actual letter are inside.
A Congressman from Texas is urging Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm (pictured) to have CFIUS review the sale of a U.S. refinery to a foreign company. But there are issues. Details, the letter, and some humorous expert insights are inside.
This week, Treasury Secretary Janet Yellen received two letters from Congressional leaders regarding CFIUS. One related to the Chinese “potentially taking action to evade CFIUS reviews”; the other requested the review of a deal approved by CFIUS in 2016. Details and letters inside.
Congressman Tony Gonzales (R-Texas) has publicly challenged a decision by CFIUS to approve the sale of a wind farm to a company with ties to the Chinese Communist Party. Details, the letter, our related coverage, and contacts are inside.
Senator Marco Rubio (R-FL) has asked CFIUS to look into the Chinese acquisition of health and nutrition retailer GNC. This is not the first time Sen. Rubio has sent such a request. Details, context, and the actual letter are inside.
Senator Marco Rubio (R-FL) recently sent a letter requesting that CFIUS review the national security implications of an upcoming sale of AT&T assets to a Czech-owned conglomerate. Details and the letter are inside…