Sen. Thom Tillis, R-N.C., has concerns that some reviews might hamper legitimate purchases by foreign firms. (Bill Clark/CQ Roll Call)
Pending legislation that would expand the reach of a panel’s national security review of foreign business transactions would not discourage foreign investment in the United States or business deals with U.S. companies, Trump administration officials told a Senate committee Thursday.
Heath P. Tarbert, assistant secretary of the Treasury for International Markets and Investment Policy, said bipartisan legislation by Sens. John Cornyn, R-Texas, and Dianne Feinstein, D-Calif., would strengthen one line of defense against adversarial foreign interests gaining access to sensitive military information or important current and emerging technology.