If we do have global uniformity, then that obviates the need for extraterritoriality in our regulations in the first place.
Editor's note · Context
Toomey argues that global uniformity in regulations would eliminate the need for U.S. extraterritorial rules.
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But that does not mean that Congress should be throwing even more billions of Federal taxpayer dollars at them to build out more services for riders they do not have.
I think Congress really has to take the time to properly evaluate the outbound CFIUS concept rather than rushing to enact legislation that is not properly vetted.
Instead of pushing a reckless tax-and-spending bill, the Administration should look to opportunities for bipartisan legislation.
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.





