I think that it yields better policy when all of us work together and hash things out on the floor and can move forward with something that is productive for the entire Nation. The virtues of this legislation are well known to Members on both sides of the aisle. The bill brings much needed clarity and oversight to the insourcing process. More importantly, it applies a post-9/11 mindset to a pre-9/11 infrastructure. It was about a year ago at this time that Dubai Ports World's acquisition of a stake in our ports became a very hot topic around America. When we discovered the DP World transaction, we reacted as strongly as we did not only because of the potential imminent threat being posed to our security, but because the deal was so far along in the process before it came to light. So we acted in the last Congress to pass a substantially similar bill to what we are considering today, giving CFIUS the authority necessary to review legitimate foreign transactions.
Editor's note · Context
Discussing the importance of legislation regarding foreign transactions and national security.
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