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Schumer’s statement, however, is so transparent that it is now clear to those who were skeptical about the theatrics on Capitol Hill over the ports deal, were more right than they were wrong. For example, the only difference between the CFIUS investigation over the ports and Doncasters deals is that the port deal went through a 30-day investigation, rather than both a 30-day and 45-day review as in the Doncasters deal. The contents of the CFIUS review for the ports deal was revealed but to a handful of Congressional leaders and only subsequent to its recommendation to approve it, due to the outcry to the White House, which was so politically overwhelming.
To date, we do know that the President did distribute some of the classified information on the Doncasters deal to House Speaker, Dennis Hastert, and other undisclosed lawmakers on April 28th. Chairman of the House Homeland Security Committee, Peter King (R-NY), also joining Schumer in his relentless criticism over the ports deal, has been brief in his latest statements regarding the Doncasters deal. “This investigation was a significant improvement over what happened before.” But the CFIUS review, presided over by the Secretary of the Treasury, remains a secret process by law, accounting to no party or entity, during its review process. And CFIUS need only enjoin appointed underling representatives of 12 government agencies, including the Department of Defense and the Department of Homeland Security.
Representative John Barrow (D-GA) who represents the Congressional district, in which Ross Catherall is located, has a different point of view than his colleagues in New York, however. “We’ll never know if continuing down this path of selling of our national defense industries will end up hurting us in the long run. We all have to draw the line when it comes to selling our national defense establishment. We don’t want to outsource our military industrial complex one piece at a time.”
Barrow was not satisfied with denial of access as to the status of the CFIUS review or any details forthcoming since the deal has been approved by the President and remains unconvinced that American companies could not make the tank components necessary for the tank engines. He recently visited the Doncasters’ facility in Rincon, Georgia, joined by Rep. Ike Skelton (D-MO), ranking member of the House Armed Services Committee. “Doncasters was more forthcoming than our government,” Barrow commented, with respect to the proposed deal.
Barrow and various other members of the Congress have proposed numerous pieces of legislation, since the ports deal, to provide more transparency between CFIUS and the Congress. This, they believe, would enable more Congressional input as well as oversight on key transactions involving U.S. national security assets and interests. But when and if such legislation will ever be realized remains in question. And the Congress as a governing body does not have a good track record for oversight generally of any legislation it passes, nor does the Congress project commitment in doing so.
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