On the recordSeptember 11, 2024
As I laid out in my opening remarks, this bill confusingly duplicates and conflicts with existing law. To be clear, this bill would add new language rather than amending the existing language that is already in law. Having two conflicting laws creates significant legal ambiguity as to how to interpret these competing texts. It would undoubtedly result in litigation as agencies struggle to determine what their legal obligations are, tying up limited resources at both CFIUS and the Department of Agriculture. This hastily written text does not appear to have appropriately taken into account the resulting legal ambiguities, and I would urge all of my colleagues on the other side of the aisle to, at the very least, take the time to address these legal ambiguities and provide a clear mandate. Mr. Speaker, I reserve the balance of my time.
