CFIUS LEGISLATION
As Congress considers legislation to change the process under which the Committee on Foreign Investment in the United States (CFIUS) considers foreign acquisitions of U.S. firms, the Forum is urging Congress to embrace policies that protect national security without resorting to unwise and unnecessary new restraints on open markets and the free flow of capital.
Trade and foreign investment have significant positive benefits for the U.S. and global economy. Foreign investment supports over 5 million American jobs with an annual payroll of $324.5 billion. Barriers to foreign investment will hurt the U.S. economy, cost jobs, and undermine opportunities for U.S. businesses at home and abroad.
"We are very concerned, however, about proposals that would give Congress unprecedented new power to delay or overturn decisions by CFIUS...introducing overt political considerations into the process would undermine investor confidence in U.S. markets..."
- Testimony by Forum President & COO Rob Nichols (2/7/07)
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