TREASURY COMMITTEE INFLUENCE GROWS IN FOREIGN INVESTMENT ARENA
Cat.: Committee on Foreign Investment in the United States, Globalization, Security & Secrecy, Dept. of the Treasury, Once in a Lifetime21. February 2008
Comment
A federal advisory committee led by the Treasury Department has put the brakes on plans by Bain Capital of Boston and the Chinese company Huawei Technologies to purchase the U.S. manufacturer of Internet routing equipment 3Com, as Steven Weisman reports in the New York Times. The Committee on Foreign Investment in the United States, or CFIUS, is responsible for reviewing foreign investment projects that would enable foreign entities to own more than 10 percent of a U.S. company.
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