This question was the topic of the hearing entitled “U.S. Policy on Investment Security”, held before the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions. Much of the conversation centered around the role of the Committee on Foreign Investment in the United States (CFIUS). Chairman Davidson (R-OH), along with Representatives Barr (R-KY) and Williams (R-TX) represented the Republicans – voicing support for President Trump’s signing of a National Security Presidential Memorandum (NSPM), which aimed to simultaneously promote benign foreign investment and protect American national security from integrity of data threats believed to be posed by nations like China. Chair Davidson also, strangely, attempted to argue that tariffs levied against such countries were an effective device to bolster national security. Ranking Member Beatty (D-OH), Rep. Liccardo(D-CA), Rep. Kim (D-CA), and Rep. Foster (D-IL) represented...
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