Baldwin, Khanna propose new direct foreign investment review board to probe Trump's deals
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- The bill, shared exclusively with CNBC before it is introduced, would create the "Foreign Investment Review Authority" as an independent executive branch authority.
- It would also create an Office of the Chief Ethics Officer and a Public Oversight Board to receive complaints.
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Sen. Tammy Baldwin and Rep. Ro Khanna are introducing a bill Thursday to establish a federal review board for direct foreign investment in the U.S., as President Donald Trump courts global ventures as part of trade deals he makes with nations around the globe.
The bill, shared exclusively with CNBC before it is introduced, would create the "Foreign Investment Review Authority" as an independent executive branch authority. The panel would be responsible for reviewing direct foreign investments and determining whether they are permissible.