Political Quotes

“Mr. Speaker, I yield myself 4 minutes. Mr. Speaker, I rise in strong support of H.R. 5841, the Foreign Investment Risk Review Modernization Act, which the Financial Services Committee approved last month by a unanimous vote of 53-0. I want to thank both Republican and Democrat Members for their effort, but I especially want to thank the bill's sponsor, the gentleman from North Carolina (Mr. Pittenger), who has worked tirelessly to develop this legislation and bring it to the House floor. Mr. Speaker, we would not be here but for his expertise and leadership. I also want to thank Chairman Royce for the cooperation of the Foreign Affairs Committee working with us on this very important piece of legislation. Finally, I want to thank the gentleman from Kentucky (Mr. Barr), who chairs our Monetary Policy and Trade Subcommittee, as well as his ranking member, Ms. Moore of Wisconsin. I also happen to see the gentleman from Washington, Mr. Heck, and I want to thank him for his contributions as well. The subcommittee held no fewer than four hearings prior to marking up this legislation, and the thoughtfulness that they brought to the issue is something we should all emulate. The bill is a comprehensive reform of the Committee on Foreign Investment in the United States, or CFIUS, as it is known; the first update of its kind in over a decade. CFIUS is authorized to review foreign investment transactions that may threaten our national security.…”