A U.S. Chamber-backed bill to improve the process for reviewing foreign direct investment in the United States cleared its final hurdle this week and is on its way to President Bush to be signed into law.

The bill, which passed the House with a 370-45 vote, will revise how the Committee on Foreign Direct Investment in the United States (CFIUS) addresses national security concerns when reviewing foreign acquisitions of American companies. The Chamber is pleased with the final version of the bill because it balances security concerns with the need to protect the economy.

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