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Bernie Moreno: “President Trump recognized a glaring loophole in the law…”

Featuring: Bernie Moreno, Republican | U.S. Senate, Ohio

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Senator Bernie Moreno Discusses CFIUS and DPA Reforms in Senate Session

Published | Video Starts at 00:26

So start with you, Dr. Mick. Again, you talked about CFIUS near and dear to my heart. As you know, CFIUS plays a critical role in reviewing inbound foreign investments. As you described, President Trump recognized a glaring loophole in the law which currently does not cover greenfield investments. but rather only allows CFIs to review vestments of acquisitions of existing US companies. I introduced a bipartisan bill called the PROTECT act with my colleagues Alyssa Slotkin and Senator … (00:26–00:33)

CLAIM

Asserts that a loophole exists in the law regarding greenfield investments.

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