A bipartisan group of three freshmen Senators introduced legislation Wednesday to give President Donald Trump’s administration the authority to halt investments from foreign companies, notably China, in the United States.
Sens. Bernie Moreno (R-OH), Tim Sheehy (R-MT), and Elissa Slotkin (D-MI) sponsored the Providing Rigorous Oversight Through Evaluation of Concerning Transactions Act. If passed, it would give the Committee on Foreign Investment in the U.S. a new authority to stop new and existing foreign investment projects.
The legislation would “require the review by the Committee on Foreign Investment in the United States of greenfield and brownfield investments by foreign countries of concern.”
In a statement, Slotkin, a former CIA analyst, said the proposal is necessary for national security. She emphasized the importance of keeping “sensitive American
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