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 – …

Next Congress May Seek to Expand CFIUS Jurisdiction

Senior Members of Congress appear to be laying the groundwork for a much-needed regulatory update of a process used by the U.S. government to review of foreign investments in the United States in strategically important sectors such as defense as well as homeland security, especially in the case of U.S. ports. In a letter to the U.S. Comptroller General, sixteen …

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 …

Morning Musings

Congress is back in town. There will be a few oversight hearings of note including one on U.S.-Western Hemisphere policy, counter-terrorism, as well as the new State Foreign Ops budget (likely to focus on USAID and the Cuban Twitter, ZunZuneo). Secretary of State Kerry testifies in the Senate later in the week, a perfunctory performance on …

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 Loves Pork and they Just Paid $7 billion for a lot of Virginia Swine

The Chinese government wants a lot more pork, the edible kind, and they came to the Commonwealth of Virginia to purchase the world’s leading producer of pork products. A deal was inked this week valued at a little over $7,000,000,000 for Virginia’s Smithfield Foods from Smithfield, Virginia. The buyer is Shuanghui International Holdings Limited. According to a …

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 …