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Last updated on April 19, 2014 at 21:20 EDT

CORRECTED: Republican lawmaker plans foreign divestiture bill

March 3, 2006

(Please read headline as … “US Republican lawmaker plans
foreign divestiture bill.”)

A repeat of the story follows.

WASHINGTON (Reuters) – The chairman of the U.S. House of
Representatives Armed Services Committee said on Thursday he
would introduce legislation requiring foreign companies to
divest any holdings of U.S. infrastructure critical to national
security.

Duncan Hunter, a California Republican, also vowed to
“kill” with legislation a pending deal to allow a state-owned
Arab company to manage terminals in major U.S. ports.

He said infrastructure such as ports, electric grids and
power plants should not be owned by foreign firms. Under his
legislation, “Any foreign companies that own critical
infrastructure would be required to divest so it’s owned by
Americans,” Hunter told reporters.


Source: reuters