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02/28/07--Rep. Carolyn B. Maloney, D-N.Y., Rep. John Barrow, D-Ga., Rep. Joseph Crowley, D-N.Y., and Rep. Ron Klein, D-Fla. during a news conference after the House Wednesday easily passed legislation that would overhaul the review process for foreign investments in the United States, after adopting several key amendments by voice vote. Democrats and Republicans praised the legislation (HR 556), sponsored by Rep. Carolyn B. Maloney, D-N.Y., which passed 423-0, saying it would strengthen national security and ensure robust economic growth at home. The bill would revamp operations of the Committee on Foreign Investment in the United States (CFIUS), the multiagency panel that reviews national security risks posed by proposed foreign acquisitions. The panel drew harsh criticism last year for approving the sale of port operations to DP World, a company controlled by the United Arab Emirates. Also adopted was an amendment by Rep. John Barrow, D-Ga., that would ensure lawmakers from districts that would be Òsignificantly affectedÓ by a deal receive final reports after CFIUS closes its review. Congressional Quarterly Photo by Scott J. Ferrell

02/28/07--Rep. Carolyn B. Maloney, D-N.Y., Rep. John Barrow, D-Ga., Rep. Joseph Crowley, D-N.Y., and Rep. Ron Klein, D-Fla. during a news conference after the House Wednesday easily passed legislation that would overhaul the review process for foreign investments in the United States, after adopting several key amendments by voice vote. Democrats and Republicans praised the legislation (HR 556), sponsored by Rep. Carolyn B. Maloney, D-N.Y., which passed 423-0, saying it would strengthen...
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