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Latest Foreign Investment and National Security Act Stories

2010-10-28 12:07:00

WASHINGTON, Oct. 28 /PRNewswire/ -- Former US Under Secretary of Commerce for Industry and Security and senior Pentagon official Mario Mancuso has joined Fried Frank as a partner resident in its Washington, DC and New York offices. Mr. Mancuso is a prominent authority on international security matters and the U.S. government's regulation of international economic activities particularly with respect to foreign direct investment in the US and US export control laws and regulations. During...

2006-07-26 18:06:30

By Susan Cornwell WASHINGTON (Reuters) - Both chambers of Congress on Wednesday voted to tighten rules for approving foreign takeovers of American companies, prompted by an uproar over the Bush administration's backing of an Arab company's acquisition of the operations of several major U.S. ports. But a fight was brewing between the House of Representatives and Senate, which passed different versions of the legislation. The Senate bill, passed by voice vote, would require the U.S....

2006-07-26 15:33:30

WASHINGTON (Reuters) - The U.S. Senate on Wednesday voted to tighten rules for approving foreign takeovers of American companies, prompted by an uproar over the administration's backing of an Arab company's acquisition of the operations of several major U.S. ports. But a fight was brewing with the House of Representatives, which was expected to pass a different version of the legislation later on Wednesday. The Senate bill, passed by voice vote and sponsored by Alabama Republican...

2006-07-12 16:56:24

By Susan Cornwell WASHINGTON (Reuters) - A jurisdictional battle broke out in the U.S. House of Representatives on Wednesday over which government department -- and by extension, which lawmakers -- should oversee decisions on foreign investment. Business lobbyists said the argument could delay progress on reforms to the foreign takeover process that lawmakers began drafting after the furor over Dubai Ports World gaining control of the management of several U.S. port terminals. The...

2006-07-07 18:24:14

By Susan Cornwell WASHINGTON (Reuters) - Legislation to tighten rules on foreign investment in the United States has slowed in Congress, facing questions from lawmakers and a White House that is cool to the idea. Another hearing was scheduled for next week on the House version of the legislation, which will delay a bipartisan bill that sponsors earlier this year had predicted would be on the floor of that chamber in June. A furor early this year over Dubai Ports World taking...

2006-04-11 19:19:31

By Susan Cornwell WASHINGTON (Reuters) - A U.S. lawmaker on Tuesday fumed that the Bush administration refused to divulge anything about a security review it is conducting of a Dubai-owned company that is planning to take over several plants in the U.S. that make equipment for defense contractors. The Committee on Foreign Investment in the United States (CFIUS), an inter-agency panel led by the Treasury Department, is reviewing the $1.24 billion takeover of Doncasters, a British...

2006-03-30 19:10:40

By Susan Cornwell WASHINGTON (Reuters) - The U.S. Senate Banking Committee voted unanimously on Thursday to tighten rules on foreign takeovers of American companies but watered down some provisions amid pressure from Wall Street, the Bush administration and U.S. allies. Trying to steer a middle path between national security and maintaining foreign investment, the committee's bill would require the U.S. government to spend an extra 45 days examining deals with state-owned companies...

2006-03-30 13:00:13

By Susan Cornwell WASHINGTON (Reuters) - Under pressure from Wall Street not to chill foreign investment, U.S. senators were haggling over whether to weaken legislation overhauling rules on foreign purchases of U.S. companies, aides said on Thursday. The Senate Banking Committee, which had been scheduled to hold a public meeting at 10 a.m. EST, postponed it until 2 p.m. as members privately tried to reach a consensus, said the panel's spokesman Andrew Gray. Big corporations opposing...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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