Political Quotes

“Madam President, I rise to speak about title XVII of the NDAA, which reforms the Committee on Foreign Investment in the United States, or CFIUS, and export controls. The last time CFIUS underwent reform was in 2007. Recognizing that the foreign investment and national security landscape has changed significantly over the past decade, Senators Cornyn and Feinstein led the charge by introducing the Foreign Investment Risk Review Modernization Act, FIRRMA, last November. They and others deserve a tremendous amount of credit for their critical leadership on this issue. As the Banking Committee examined this issue, it became clear that the appropriate outlet for addressing the national security concerns highlighted by Senator Cornyn and others would involve not only CFIUS reform, but export control modernization as well. With the help of Senator Brown and all of my colleagues on the Banking Committee, we were able to craft a bipartisan product which passed out of committee in May with a unanimous 25-0 vote. I thank Senator Brown and all of my colleagues on the committee for their efforts and contributions to the bill. Additionally, the bill would not have been possible without the technical expertise and leadership of the team at the Department of Treasury, as well as the Commerce and Defense Departments, and the other interagency stakeholders who provided input. I thank them as well.…”