The Government Accountability Office (GAO) has issued a letter to Representative Robert Pittenger (R-NC) stating that the GAO has accepted the request to review Committee on Foreign Investment in the United States’s (CFIUS) “statutory and administrative authorities” to ensure that it has “kept pace with the growing scope of foreign acquisitions in important economic sectors in the United States.” (See GAO letter, Sept. 30, 2016, available here; see also Oct. 4, 2016, Press Release from Rep. Pittenger, available here.) The GAO letter stated that it would initiate its review in about four months.
Government Accountability Office Review of Committee on Foreign Investment in United States
Government Accountability Office Review of Committee on Foreign Investment in United States
Thursday, October 20, 2016