I am concerned that the operational challenges and potential remaining tax consequences of this would create a huge disincentive for firms, for institutions to use this very valuable tool, and I hope you will keep that in mind as you consider finalizing the rule.
Toomey expresses concern about tax issues affecting firms' use of a financial tool.
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I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.
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Instead of pushing a reckless tax-and-spending bill, the Administration should look to opportunities for bipartisan legislation.
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