Thornberry on Cfius Reforms

Washington, DC, June 27, 2018
WASHINGTON, DC - Today, Chairman Mac Thornberry (R-TX), of the House Armed Services Committee, made the following remarks following passage of H.R. 5841, the Foreign Investment Risk Review Modernization Act of 2018:

Today, Chairman Mac Thornberry (R-TX), of the House Armed Services Committee, made the following remarks following passage of H.R. 5841, the Foreign Investment Risk Review Modernization Act of 2018:

"For years, China has been using America's open economy against us, leveraging our investments and stealing sensitive technology and information to overcome our military advantage. That has to stop. The bill we passed today is the first step in increased vigilance. It closes the loopholes and tightens the lax regulations China depends on to take advantage of American innovation. It strengthens the Pentagon's hand as the government decides what technology we need to protect the country and what technology is too sensitive to hand over to our adversaries."