More on Foreign Acquisitions and National Security
Rep. Maloney on New CFIUS Regulations
WASHINGTON, DC – Congresswoman Carolyn B. Maloney (D-NY), Chair of the House Subcommittee on Financial Institutions and Consumer Credit and author of the law to reform the Committee on Foreign Investment in the United States (CFIUS), issued the following statement today after the Administration released regulations to implement the new CFIUS law, which will tighten security reviews of foreign investments:
Rep. Maloney on CFIUS Executive Order
WASHINGTON, DC – Congresswoman Carolyn B. Maloney (D-NY), Chair of the House Subcommittee on Financial Institutions and Consumer Credit and author of the law to reform the Committee on Foreign Investment in the United States (CFIUS), issued the following statement today after the Administration released its Executive Order on implementing the new CFIUS law:
Smartmatic Announces Sale of Sequoia Voting Systems
WASHINGTON – Smartmatic, the voting machine firm with ties to the Venezuelan government, today announced that it is divesting ownership of the voting machine company Sequoia Voting Systems. Congresswoman Carolyn Maloney (D-NY) shined the congressional spotlight on the Sequoia purchase last year by Smartmatic because it posed serious national security concerns about the integrity of our elections. Last year, Smartmatic decided to sell Sequoia rather than complete an investigation by the Committee on Foreign Investment in the United States (CFIUS), the government entity charged with ensuring the safety of foreign investment in the U.S. (To read the official Sequoia sale announcement: http://www.sequoiavote.com/press.php).
Rep. Maloney on Dubai Nasdaq Deal
WASHINGTON – Congresswoman Carolyn B. Maloney (D-NY), author of the law to strengthen the Committee on Foreign Investment in the United States (CFIUS), released the following statement today in response to Borse Dubai’s plan to take a 19.9 percent stake in Nasdaq:
Reps. Maloney, Crowley Hail Final House Passage of CFIUS Reform Bill
Washington, D.C. - Congresswoman Carolyn Maloney (D-Manhattan, Queens), Chair of the Financial Institutions Subcommittee, and Congressman Joseph Crowley (D-Queens, Bronx) issued the following statements today after final House passage of the bipartisan Foreign Investment and National Security Act of 2007 (H.R. 556), legislation to reform the Committee on Foreign Investment in the United States (CFIUS).
CFIUS House Bill Sponsor Applauds Senate Passage of Legislation
Washington, DC - Congresswoman Carolyn Maloney (D-Manhattan, Queens), Chair of the Financial Institutions Subcommittee, issued the following statement today on the Senate’s passage of the Foreign Investment and National Security Act of 2007. Similar bipartisan legislation to reform the Committee on Foreign Investment in the United States (CFIUS) was introduced by Maloney and unanimously passed the House earlier this year (The National Security FIRST Act, or H.R. 556).
House CFIUS Bill Sponsor Comments on Senate Mark-up
WASHINGTON – Congresswoman Carolyn Maloney (NY-Manhattan, Queens) issued the following statement today on the Senate Banking Committee mark-up of the Foreign Investment and National Security Act of 2007. Similar bipartisan legislation to reform the Committee on Foreign Investment in the United States (CFIUS) was introduced by Maloney and unanimously passed the House earlier this year (The National Security FIRST Act, or H.R. 556).
Reform of Foreign Investment Review System Unanimously Passes U.S. House
WASHINGTON, DC – Legislation to strengthen the system by which foreign investment in businesses in the United States is vetted for security concerns passed the U.S. House unanimously today, by a 423-0 vote. The National Security FIRST Act (H.R. 556) was backed by a bipartisan group of high-ranking lawmakers, including Rep. Carolyn Maloney (D-NY), who introduced the bill this year and is Chair of the Financial Institutions Subcommittee; Rep. Barney Frank (D-MA), Chairman of the Financial Services Committee; Rep. Deborah Pryce (R-OH), ranking member of the Capital Markets Subcommittee; Rep. Spencer Bachus (R-AL), ranking member of the Financial Services Committeee; Rep. Roy Blunt (R-MO), the Republican Whip who introduced similar legislation last year; and Rep. Joseph Crowley (D-NY), an original co-sponsor of this legislation in the past two sessions of Congress.
Rep. Maloney, Sponsor of CFIUS Reform Bill, Hails Passage of Legislation in FS Committee
WASHINGTON, DC – The House Financial Services Committee today marked up and passed legislation reforming the Committee on Foreign Investment in the United States system, which vets foreign investments for security concerns. Rep. Carolyn Maloney (NY-14), Chair of the Financial Institutions Subcommittee and sponsor of the legislation, released the following statement:
House Financial Services Committee to Hold Hearing on CFIUS Reform
Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA), and the likely-Chairman of the Subcommittee on Domestic & International Monetary Policy, Trade and Technology, Rep. Luis V. Gutierrez (D-IL), announced today a full committee hearing to examine the Committee on Foreign Investments in the United States (CFIUS) and H.R. 556, the “National Security Foreign Investment Reform and Strengthened Transparency Act of 2007, sponsored by Rep. Carolyn Maloney (D-NY).
