July 11, 2007
HP-490

U.S. Treasury Deputy Secretary Kimmitt Statement
on Passage of CFIUS Reform Legislation

Washington, D.C. – U.S. Treasury Deputy Secretary Robert M. Kimmitt made the following statement upon passage of the legislation to reform the Committee on Foreign Investment in the United States:

"The Foreign Investment and National Security Act is a well-balanced bill, and I commend this bipartisan effort by the Congress.  This bill updates the Committee on Foreign Investment in the United States (CFIUS) and strikes the important balance between protecting national security in a post-9/11 world and advancing the open investment policy set out by President Bush on May 10 of this year."