A Top Senate Republican Slams Tech Lobby’s CFIUS Bill Push
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The Senate’s No. 2 Republican on Thursday used a floor speech to try to beat back efforts by IBM and a tech trade group to gut a bill that would expand the powers of a secretive national security panel.
The section of the bipartisan legislation that Senator John Cornyn of Texas is trying to preserve would strengthen the Committee on Foreign Investment in the U.S., known as CFIUS, and grant it the authority to review joint ventures with foreign firms.