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David McCormick: “There's this huge flood of foreign direct investment that's…”

Featuring: David McCormick, Republican | U.S. Senate, Pennsylvania

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Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal

Published | Video Starts at 28:52

These have been expanded well beyond that to include export controls, to include foreign direct investment. And so one of the outcomes of that is There's this huge flood of foreign direct investment that's been committed. Some of it's coming, but it's been committed. So I expect there to be a lot more of that coming. My wife and I were with Mark Ozakowitz, who was chief of staff, and James Cunningham in Abu Dhabi. (28:52–28:57)

CLAIM

Asserts that a significant amount of foreign direct investment has been committed.

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