Congress Seeks to ‘Beef Up’ CFIUS Review Process, Add Food Security

United States Sen. Chuck Grassley (R-Iowa) and Sen. Debbie Stabenow (D-Mich.) are supposed to introduce legislation today that will add food security to a process used by the federal government to review foreign acquisition of U.S. companies. Had this variable been in effect in 2013, the Chinese acquisition of the Virginia-headquartered Smithfield Foods Inc – …

Beware of Strangers Bearing Gifts

Access to the U.S. market is a privilege, not a right. Foreign investment in the United States, access to our financial system, and, especially, immigration are regulated by the federal government for a reason: it is not, and should never be, one big free for all.  For example, foreign investment in the United States is generally a …

Smithfield Hams, Made in Virginia (Owned by the Chinese Government)

Running out of quality bacon is a clear and present danger to the United States.  At least it should be. Barely any Virginia politician has a said word — good or bad — about the acquisition of Smithfield by Shuanghui International Holdings Limited, majority shareholder of mainland China’s largest meat processing enterprise, Henan Shuanghui Development. Yet, why …

China’s Alibaba Should Have Nothing to Fear from a CFIUS Review, or Should It?

Every now and then I read a post, usually a rant, making flippant commentary about whether or not China poses a national security threat to the United States. The relationship between the U.S. and China is a complex one; however, spend enough time studying it and you’ll learn that there is more to this relationship …

The NYSE and Deutsche Börse Merger, Sprechen sie Deutsch?

Unless you’re in the financial services industry, most Americans have no idea about the proposed merger between the New York Stock Exchange and Deutsche Börse (technically it will be a merger between NYSE Euronext, Inc., founded April 2007, and Deutsche Börse). The NYSE has been an American institution and free market icon. Created in 1792, the …

Around Town …

Seattle resident Yuri Montgomery (aka, Yuri Malinkovski) received a New Year’s present of sorts from Uncle Sam. He was slapped with a $340,000 civil penalty and was banned from exporting from the U.S. for 30 years. If he behaves for ten years, the government will only require an up front payment $17,500. The balance of …

Russians Want to Buy a U.S. Uranium Processing Company

Senior Members of Congress Weighing In: Nyet! Four Members of Congress have penned a terse warning letter to Treasury Secretary Timothy Geithner expressing “great concern” about the propose sale of an American-owned uranium processing facility to an entity with ties to the Russian government. Urging the President to block the sale through the CFIUS process, …