Possible changes coming to the “Committee on Foreign Investment in the United States”
Bill Greenwalt, Senior Fellow at the Atlantic Council’s Brent Scowcroft Center on International Security, discusses possible changes coming to an obscure governmental committee and GAO’s sustainment of the Oracle protest.
Debate over the National Defense Authorization Act in the Senate has renewed focus on an obscure governmental committee. The Committee on Foreign Investment in the United States is chaired by the Secretary of the Treasury, and is tasked with preventing foreign interests from taking too much influence over United States-based companies. Bill Greenwalt, Senior Fellow at the Atlantic Council’s Brent Scowcroft Center on International Security, said that some of the NDAA issues CFIUS has run in into involve determining which committees have jurisdiction over it.
“What is very interesting about this, instead of doing this as an amendment on the floor it was embedded in the Senate mark. This is a rogue procedural difference than in the past. It is designed so that it doesn’t go into a process of having problems on the floor. When it goes forward, now, the problem it will have, the Armed Services committee and all these other Senate committees are going to have to deal with a vast array of committees with jurisdiction in the House. We’ll see how that works,” Greenwalt said. “It is actually a very interesting new precedent to actually have other committees legislation and jurisdiction that comes out of the markup process.”