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.”
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.
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.