Andy Barr: “I thank the gentleman for yielding, and I especially thank the gentleman for his cooperative, constructive, and…”

“I thank the gentleman for yielding, and I especially thank the gentleman for his cooperative, constructive, and bipartisan approach to the legislation, and improving the legislation. We are in agreement on this point, that such involvement could cover activity, including membership on the board of directors and observer rights. In addition, the gentleman makes note of board nominations. As we have seen under current law, CFIUS looks at nominations and the risks that may arise from them. The Broadcom deal was a case in point. However, the language in this bill makes this jurisdiction clearer. The gentleman is right to focus on risks that a board member may pose who is acting on behalf of a foreign investor who nominates the member. The whole point of such nominations could be to involve the foreign investor in substantive decision-making in a way that results in national security risks. H.R. 5841 could cover such a scenario. I thank the gentleman for yielding.”