Political Quotes

“I want to begin my remarks today by discussing a piece of bipartisan legislation that I have sponsored with our colleague, the senior Senator from California, Mrs. Feinstein. In all likelihood, this bill is not something you are going to see reported on in the evening news. It is rather obscure in its origins, but it is extraordinarily important, and I will explain that in just a moment. It is called the Foreign Investment Risk Review Modernization Act, and it concerns another acronym--the Committee on Foreign Investment in the United States, known as CFIUS. It is the Committee on Foreign Investment in the United States. CFIUS is a multiagency panel headed by the Treasury Department, and Secretary Mnuchin chairs that panel. Its job is to vet foreign investments to determine if they pose a threat to our national security. I am an ardent supporter of free trade, and I strongly support more foreign, direct investment in the United States. Unfortunately, some of our adversaries--most notably China--have altered the strategic landscape and are not playing by the same set of rules. China has weaponized investment in an attempt to vacuum up our advanced technologies and simultaneously undermine our defense industrial base. As it acquires U.S.…”