John Cornyn: “The bill we ultimately passed and that was signed into law…”

“Otherwise known as cepheus, this interagency committee reviews foreign direct investment into the United States for potential national security concerns. The bill we ultimately passed and that was signed into law by President Trump was called FIRRMA, the Foreign Investment Risk Review Modernization Act. And in that law, we updated CFIUS to expand its scope and process to ensure that we are more comprehensively reviewing any investments that might allow for influence by foreign entities for nefarious purposes in the United States.” (01:52–02:03)

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