SENATE COMMITTEE TO HOLD HEARING ON SHUANGHUI-SMITHFIELD DEAL

     (The following press release from the Senate Agriculture Committee was 
received by e-mail. It was confirmed by the sender.) 
 ***MEDIA ADVISORY***
Chairwoman Stabenow Announces Hearing to Examine Smithfield Acquisition, Future 
Foreign Purchases of American Food Companies 
Washington, DC – Senator Debbie Stabenow, Chairwoman of the U.S. Senate 
Committee on Agriculture, Nutrition and Forestry, will convene  a hearing on 
Wednesday, July 10, 2013 at 2:30 p.m. ET in room 562 of the Dirksen Senate 
Office Building on the pending purchase of Smithfield Foods, the world’s 
largest pork producer and processor, by Shuanghui International, a Chinese food 
company.  The hearing, entitled “Smithfield and Beyond: Examining Foreign 
Purchases of American Food Companies,” will examine the Smithfield purchase, 
the largest acquisition of an American company by a Chinese company in history. 
The hearing will also more broadly  examine how the government review process 
of foreign acquisitions of U.S. companies addresses American food safety, 
protection of American technologies and intellectual property, and the effects 
of increased foreign ownership of the U.S. food supply.  
Last week Chairwoman Stabenow, alongside a bipartisan group of Members from the 
Senate Agriculture Committee, urged Treasury Secretary Jacob Lew in a letter to 
include both the U.S. Department  of Agriculture and the Food and Drug 
Administration in the government review of the proposed purchase of Smithfield 
Foods.  The Senators pressed for USDA and FDA involvement so that the oversight 
process includes experts on the American food supply and food  safety.  The 
letter also raised questions about potential future foreign acquisitions of 
American food companies such as those that will be considered in the hearing 
announced today.  That letter can be found here. 
Smithfield Foods CEO Larry Pope will be among the witnesses testifying. 
Additional witnesses to be announced. 
“Smithfield and Beyond: Examining Foreign Purchases of American Food Companies,”
Wednesday, July 10, 2013
2:30 p.m. ET
Room 562, Dirksen Senate Office Building 
***A live webcast of the hearing can be viewed on the Committee’s website at 
http://ag.senate.gov. 
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