U.S. Congressman: If China respects life and freedom, it will win the respect of the American people

The Foreign Investment Risk Review Update Act aims to protect national security, not block trade

Reporter: If the United States does not expand the scrutiny of these foreign investments, what will be the impact on the national security of the United States?

Congressman Pitangere: This bill focuses on the acquisition, partnership, or joint venture by foreign companies of U.S. businesses with military technology, as well as real estate transactions related to U.S. military bases. That's the purpose of the bill, it's not a broad bill, it's not meant to prevent trade with partners, including China. For example, Smithfield Foods, the world's largest pork processing company, is in my constituency. This company is owned by a Chinese company. It's a good investment. It's good for them and it's good for us. A nearby textile company is also owned by China. So this bill is not designed to deter foreign investment, but is specifically designed to ensure that Chinese or other foreign companies or governments cannot access our technology through partnerships, joint ventures, and acquisitions with U.S. companies.