Feb. 8, 2016 SIGN IN | REGISTER

GOP Critics Urge Treasury-Led Panel To Block Sale of Stimulus-Funded Firm

Bill Clark/CQ Roll Call File Photo
Grassley, above, and Thune said the Committee on Foreign Investment in the United States should consider whether the sale of battery maker A123 Systems to Chinese company Wanxiang Group compromises “American military and energy security.”

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Grassley in a statement called the review process “the last hope for ensuring some regard for U.S. interests.”

Acting on the panel’s advice, President Barack Obama in September blocked the sale of an Oregon wind farm to a Chinese-owned company, citing national security concerns arising from its proximity to a military base.

Such disputes, though, are typically resolved before they reach the president’s desk.

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