House Bill OKs Foreign Investment Review

AP via BREITBART.COM ^ | February 28, 2007 | JIM ABRAMS

[gpapa]

WASHINGTON (AP) -- The House agreed Wednesday to give the government broader powers to review foreign investments in U.S. power plants, ports and other facilities that could be vulnerable to terror attacks.

The legislation, passed 423-0, would give legal muscle to a once- obscure federal office that gained attention a year ago with the uproar over plans by a Dubai-owned company to manage six of the nation's largest ports.

[MNJohnnie]

Gee amazing how "Conservatives" whine and bitch endlessly about the powers and the cost of the Fed Govt right up until they find some aspect of the Economy they want to have micromanaged by inept Federal Bureaucrats.

[traviskicks]

It is a mystery to me why... it is regarded as a sign of Japanese strength and American weakness that the Japanese find it more attractive to invest in the U.S. than Japan. Surely it is precisely the reverse - a sign of U.S. strength and Japanese weakness.
- Milton Friedman