Congress should strip the Treasury department of its involvement in reviewing foreign acquisitions and instruct the Pentagon to review the status of ALL foreign owned interests within the US from defense perspective. That is how this was done in the past and how it should continue to be done at time of war.
Don't make me laugh. This process was exposed as a fraud back in 2004 when we learned that Richard Perle was working as a lobbyist on behalf of Hutchison Whampoa -- a front company for the government of Communist China -- to secure approval by the Department of Defense for the company's proposed acquisition of Global Crossing's trans-Pacific fiber-optic assets. This was going on while Perle was serving as an advisor to the Pentagon, with full security clearances.
For the life of me, I have no idea why this man didn't end up in a Federal prison after that one.
I don't care if these things are reviewed by the Treasury Department, the Department of Defense, or the local board of health. I don't trust any of them.
that's coming - CFIUS is a total joke. a rubber stamp, and god knows what kind of cash is flowing amongst the career people who control CFIUS.