A group of Republican Senators led by Senator Mike Lee (R-UT) asked FERC for information on whether index investment funds making investments in public utilities were truly passive or were attempting to influence the management of the utility companies to pursue a climate agenda.
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At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
The Treasury Department finalized regulations implementing the Foreign Investment Risk Review Modernization Act of 2018.
The House Financial Services Subcommittee on Monetary Policy and Trade considered expert testimony on reforming the Committee on Foreign Investment in the United States.
A House Subcommittee reviewed the operations of the Committee on Foreign Investment in the United States. Newly introduced legislation would broaden the range of transactions that are subject to review, blocking, or unwinding by CFIUS.