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.
System Is Broken, Must Be Fixed
By Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce
People on both sides of the immigration reform debate agree that the worst possible immigration policy is the status quo. We must enact a comprehensive policy that protects both our national and economic security.
The U.S. Chamber held a high-profile event last week to launch its new Global Regulatory Cooperation Project (GRC). The project will lead the response to the growing impact of divergent regulations on global markets. It will also focus on improving the efficiency of addressing in-country barriers (ICBs) around the world in order to access and generate prosperity in the U.S. and abroad.
NORTHEASTMarylandReport Finds Large Companies Avoid Paying Taxes
NORTHEASTMaineNew Wind Farm Construction Planned
DelawareConservation Plan ReleasedA state-supervised nonprofit would help consumers, businesses, and builders switch to energy-efficient appliances and small-scale renewable energy projects under a plan released by a state task force. Officials say the approach could cut energy waste by 30% by 2015.Source: The News Journal
NORTHEASTConnecticutMore Counterfeit Toothpaste Confiscated
NORTHEASTNew JerseyCost of Living Rising Faster Than IncomeMost New Jersey families struggle to keep up with the state's rising cost of living, according to a poll released by Monmouth University/New Jersey Monthly. According to the poll, 60% of respondents said their family's income is falling behind the cost of living, with only 30% saying they're able to keep pace and just 6% reporting incomes increasing faster than the cost of living.
NORTHEASTMarylandGovernment Looks for Ways to Save Energy
