Committee on Foreign Investment

Put USDA on panel that reviews foreign investment, say senators

Two senior farm-state senators filed legislation to make USDA a permanent member of the high-powered federal panel that decides whether foreign investment in the United States would impair national security interests. The legislation sponsored by Senate Judiciary Chairman Chuck Grassley and Michigan Sen. Debbie Stabenow, the senior Democrat on the Agriculture Committee, would require the panel to consider the impact of a proposed foreign investment on U.S. food and agricultural systems.

U.S. agency approves ChemChina merger with Syngenta

China National Chemical Corp. said it had received clearance from the Committee on Foreign Investment in the United States for its $43 billion acquisition of Swiss-based Syngenta, the New York Times reported. The approval removed one of the biggest potential challenges to the deal, the paper said.

Bill would add USDA to U.S. review of foreign investors

Senate Judiciary chairman Charles Grassley is sponsoring a bill to make USDA a permanent member of the U.S. panel that decides if foreign purchases of U.S. companies impinge on national security. "This bill will raise the stature of agriculture ... so we don't make the mistake of selling too much control of our food supply to foreign countries," Grassley told reporters.

USDA gets seat at the table for review of ChemChina-Syngenta merger

The Obama administration has added USDA to the secretive inter-departmental Committee on Foreign Investment in the United States for its review of the merger of state-owned ChemChina and Swiss-based Syngenta, said Reuters. Farm-state senators wanted USDA to be included in the review to make …