A couple of Congress people have decided to try and take on Donny and his money making machine….
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.
It would function as a board, with a chair appointed by the president, subject to Senate confirmation; designees of the secretaries of Commerce and Labor and the attorney general; along with four presidentially appointed and Senate-confirmed board members from a political party that is not the same as the president’s. It would also create an Office of the Chief Ethics Officer and a Public Oversight Board to receive complaints.
Baldwin, D-Wis., and Khanna, D-Calif., say the board is necessary to ensure foreign direct investments aren’t undercutting U.S. workers. They also say it would potentially stop corrupt deals, with the lawmakers pointing to investments Trump has secured in his negotiations of trade deals around the globe.
Like I said a damn good idea….expose Donny’s manipulations and using his office to make money….
This will probably go nowhere but at least some Dems are trying to fight Donny and spotlight his abuses of office.
A shame that he will not be held responsible or forced to pay back all the cash he and his family have made office the office of president.
The ‘stable genius’ needs to be cut off at the knees….and soon.
I Read, I Write, You Know
“lego ergo scribo”
Good to see them trying, though I cannot help thinking it will fail.
Best wishes, Pete.
Just as I said….will go nowhere but at least someone is trying. chuq