Joe Barton: “although the legislation adds the Secretary of the Department of Homeland Security as a co-Vice Chair of CFIUS, I would…”

“although the legislation adds the Secretary of the Department of Homeland Security as a co-Vice Chair of CFIUS, I would like to enter into the Record a letter from Chairman King of the Homeland Security Committee. The letter states that this designation does not affect, alter, or add to that Committee's jurisdiction. U.S. House of Representatives, Committee on Homeland Security, Washington, DC, July 19, 2006. Hon. Michael G. Oxley, Chairman, Committee on Financial Services, House of Representatives, Washington, DC. Dear Chairman Oxley: I write in regard to H.R. 5337, Reform of National Security Reviews of Foreign Direct Investments Act. I understand that nothing in H.R. 5337 or the amendments to H.R. 5337 affects, alters, or adds to the jurisdiction of the Committee on Homeland Security. Specifically, H.R. 5337's designation of the Department of Homeland Security as a vice- chairperson of CFIUS and the imposition of any additional duties associated with the appointment of the Department of Homeland Security as a vice-chairperson does not affect, alter, or add to my Committee's jurisdiction. I'm pleased that we can continue to move this bill forward, and I look forward to working with you in that process. Sincerely, Peter T. King, Chairman. ____”