Summary of the Act - pros and cons
https://www.govtrack.us/congress/bil.../s2098/summary
What supporters say
Supporters argue the bill eliminates loopholes and other issues that allow other nations to — in their view — exploit businesses headquartered in the United States.
What opponents say
Opponents counter that the bill’s changes would be too broad and get the government too involved in private economic decisions in a way that fails to truly protect national security.
“U.S. national interests would be best served by maintaining CFIUS’s narrow focus on specific threats that might arise from particular acquisitions within industries,” Moran continues. “Excluding entire industries, sectors, or areas of the U.S. economy from foreign acquisitions — with zero-sum attention to whether such acquisitions might erode U.S. technological or industrial advantage vis-Ã -vis the home country of the acquiring firm — could weaken U.S. competitiveness.”
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