The United States Senate gave strong bipartisan approval to the National Defense Authorization Act (NDAA), which includes key provisions drafted by Congressman Robert Pittenger (NC-09) and Senate Majority Whip John Cornyn (R-TX) to block China from acquiring sensitive national security technology.
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The House Financial Services Committee unanimously voted to approve Congressman Robert Pittenger’s (NC-09) landmark legislation to modernize the national security review process of potential foreign investments in the United States.
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Secretary of Defense James Mattis has written the House and Senate Armed Services Committees to urge support for Congressman Robert Pittenger’s Foreign Investment Risk Review Modernization Act (FIRRMA, H.R. 4311).
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President Trump’s Commerce Department banned U.S. companies from selling components to ZTE Corporation after the Chinese telecom giant violated terms of a March 2017 sanctions violations case.
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As the debate over tariffs on Chinese products and a potential trade war intensifies, there’s another battle emerging.
It concerns a multi-governmental agency called CFIUS - the Committee on Foreign Investment in the United States. CFIUS reviews foreign purchases of American companies to make sure they don’t jeopardize national security.
But a bipartisan group in the U.S. House and Senate says the committee needs expanded powers. In the House, North Carolina Congressman Robert Pittenger is leading an effort to overhaul CFIUS.
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FOR IMMEDIATE RELEASE CONGRESSMAN PITTENGER: CFIUS REFORM IS A NATIONAL SECURITY NECESSITY WASHINGTON – In this afternoon’s House Financial Services Monetary Policy and Trade Subcommittee hearing, Congressman Robert Pittenger (NC-09) emphasized the national security importance of updating the Committee on Foreign Investment in The United States (CFIUS). Congressman Pittenger’s bipartisan legislation to revamp and modernize CFIUS has been endorsed by President Trump, Treasury Secretary Mnuchin, S...
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Should American companies give China access to advanced military technology?
The answer should be “no,” but surprisingly it’s legal and has occurred many times. Essentially, American companies are helping one of America’s adversaries catch up.
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On April 3rd, Congressman Robert Pittenger joined MSNBC's Ali Velshi to discuss the national security threat posed by strategic Chinese acquisitions of U.S. technology and data.
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Congressman Robert Pittenger (NC-09) publicly highlighted deficiencies in the current Committee on Foreign Investment in the United States (CFIUS) review process which are being exploited by our adversaries. Potential reforms to CFIUS were the focus of the House Financial Services Monetary Policy and Trade Subcommittee hearing.
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For years the Chinese government has evaded America’s technology-transfer safeguards and been allowed to vacuum up military-applicable technologies from U.S. companies. The Chinese have perfected the weaponization of investment as a legal means to achieve this massive transfer of dual-use technology, bolstering China’s military modernization. If the U.S. loses its military-technology advantage over China and other adversaries, it will one day cost American lives.
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