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US Chamber of Commerce, others back changes to foreign investment bill
May 21, 2018 4:34 PM EDTBy Diane Bartz
(Reuters) - The powerful U.S. Chamber of Commerce, along with business groups which lobby for oil, tech, and other industries, said on Monday that they supported changes to bills to tighten oversight of foreign investment, especially Chinese investment.
Because of concern about Chinese attempts to invest in sensitive U.S. technologies, the U.S. Senate and U.S. House of Representatives are considering measures to expand the clout of the inter-agency Committee on Foreign Investment in the United States, or CFIUS, which reviews investments to ensure they do not harm national security.
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