U.S. Senator Marco Rubio (R-FL), U.S. Representative John Moolenaar (R-MI), and several other House Republicans from Michigan and Illinois sent a letter to Secretary of the Treasury Janet Yellen, "urging the Committee on Foreign Investment in the United States (CFIUS) to review the ownership of Gotion, Inc."

At a U.S. House of Representatives hearing yesterday on "Oversight of the Committee on Foreign Investment in the United States (CFIUS) and Other Efforts to Strengthen National Security in the United States," Congressman Bill Huizenga (R-MI) had two exchanges with Assistant Secretary of the Treasury Department Paul Rosen on

On July 31, the Committee on Foreign Investment in the United States (CFIUS), an interagency body that reviews certain transactions involving foreign investment in the United States to determine the effect on national security, released its annual report to Congress for 2022.

The Committee on Foreign Investment in the United States (CFIUS) -- an interagency taskforce overseen by the Department of the Treasury -- has determined that Chinese company Gotion's proposed battery facility in Michigan is not a covered real estate transaction or purchase, and can move forward.

Last week, Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi (D-IL) of the Select Committee on the Chinese Communist Party met with the CEOs of Ford Motor Co. and General Motors Co. and leading automotive suppliers in Detroit, Michigan, with a goal of figuring "how Congress can help the

Legislation introduced in the U.S. Senate would expand the scope for reviewing Chinese investments in the United States to include all real estate purchases that are for the purpose of establishing a business, and, at least formally, ties this new restriction to the Belt and Road Initiative (BRI).

The recently created "Select Committee on the CCP" in the U.S. House of Representatives held a hearing last week on "Leveling the Playing Field: How to Counter the CCP's Economic Aggression."