Shelby: CFIUS needs transparency

03/29/2006 | Wall Street Journal, The

Writing in the Wall Street Journal, Sen. Richard Shelby, R-Ala., chairman of the Senate Banking Committee, says foreign investment is critical to the U.S. but that the Committee on Foreign Investment in the U.S. needs reform. Shelby says he is proposing a legislation to bring more transparency to foreign investment and to help balance economic interests with national security.

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