Dennis Heck: “I thank the ranking member. I do indeed rise to engage in a colloquy with the gentleman from Kentucky. The bill we are…”

“I thank the ranking member. I do indeed rise to engage in a colloquy with the gentleman from Kentucky. The bill we are considering today, unlike the Senate CFIUS bill, does not have specific language dealing with board seats. That notwithstanding, Chairman Barr and I share an understanding that the language of the bill that covers ``involvement, other than through voting shares, in the substantive decision-making of the United States business'' gives CFIUS jurisdiction over investments which would confer membership or observer rights or the right to nominate someone from the board of directors or equivalent governing body of a business. I ask my friend to confirm that understanding.”