>>3480607 (lb)

In the meantime, the Government Accountability Office, the nonpartisan investigative arm of Congress, is conducting its own review of CFIUS to determine if the United States has the proper legal powers needed to keep up with efforts by state-owned firms in Russia and China to buy strategically important American companies.

The investigation was prompted by lawmakers concerned about state-controlled enterprises in Russia and China buying U.S. firms. Among their specific examples was the Chinese conglomerate Dalian Wanda Group’s successful bid for Hollywood studios, like Legendary Entertainment and Paramount Studios.

Sen. Chuck Schumer (D-N.Y.), who is also reportedly drafting legislation to allow CFIUS to target nations hostile to the United States, has called for an investigation of the Dalian Wanda transaction.

https://foreignpolicy.com/2017/06/22/the-lights-are-on-at-the-committee-on-foreign-investment-in-the-united-states-but-nobody-is-home/

>>3480667

the committee said that a deal for Qualcomm, whose semiconductors will be used in the next generation of ultrafast wireless networks known as 5G, could pose a risk to national security.

MONEYGRAM — ANT FINANCIAL Ant Financial, a Chinese electronic payments company, wanted to purchase MoneyGram, a money transfer company based in Dallas, for $1.2 billion. But the deal collapsed in January after both sides said Cfius refused to approve it. The collapse came despite a charm offensive by Jack Ma, the Chinese tycoon who controls Ant Financial, who had visited President-elect Donald Trump at Trump Tower and pledged to create one million American jobs. But he could not overcome the Trump administration’s concerns about Chinese acquisition of American know-how.

A bipartisan group in Congress has proposed legislation that would greatly expand the number of deals reviewed by Cfius. In November, Senator John Cornyn, Republican of Texas, and Senator Dianne Feinstein, Democrat of California, introduced a bill that could add thousands of companies with foreign ties to the list of those reviewed each year by Cfius and provide more funding to deal with that increase.

https://www.nytimes.com/2018/03/05/business/what-is-cfius.html

>>3480721

“China exploits loopholes in our existing safeguards to acquire sensitive, cutting-edge technology and then turns this technology against us to undermine our military advantage,” Senator John Cornyn, the Texas Republican sponsoring the bill, said in a statement.

About 20 percent of deals Cfius reviewed between 2013 and 2015 — the latest years for which the committee has made data public — involved Chinese investors.

https://www.nytimes.com/2018/06/27/us/politics/cfius-expansion-trump.html

In a controversial 2010 deal, ARMZ, a wholly-owned subsidiary of Rosatom, the Russian government-owned nuclear energy conglomerate, obtained a controlling 51 percent interest in Uranium One. That’s the Canadian company at the center of the Clinton Foundation donor scandals. The deal appears to have been approved by the Committee on Foreign Investment in the United States (CFIUS), an inter-agency committee of the federal government, 52 days after Uranium One’s shareholders signed off on the takeover.

Uranium One’s shareholders approved ARMZ’s acquisition of controlling interest in the company on August 31, 2010. While neither CFIUS nor Uranium One have publicly stated the date the ARMZ-Uranium One transaction (CFIUS Case No. 10-40) received CFIUS approval, Breitbart News believes the most likely date that took place was October 22, 2010, 52 days later.

https://www.breitbart.com/politics/2015/05/04/clinton-cash-uranium-deal-approved-by-foreign-investment-committee-52-days-after-shareholders-finalized-takeover/

Musk's Saudi funding could hit hurdle if US government deems Tesla 'critical technology'

https://www.cnbc.com/2018/08/13/musks-saudi-funding-could-hit-hurdle-if-cfius-deems-tesla-critical-.html