House Seeks Greater Scrutiny of Chinese Investments in U.S.
- Proposal adds ‘countries of special concern provision’
- Nations include Russia, Venezuela, Iran and North Korea
China Disputes $200 Billion U.S. Trade Deficit Offer
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Lawmakers want to include China among a proposed group of hostile nations whose companies could undergo extra scrutiny for national security risks if they seek to buy stakes in U.S. corporations.
Firms from Russia, Iran, Venezuela and North Korea would also be subject to more extensive review by the Committee on Foreign Investments in the United States, or Cfius, which reviews overseas investment in the U.S. for national security concerns, according a copy of the House bill obtained by Bloomberg News.