OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Executive Session

Floor Speech

Date: Sept. 27, 2017
Location: Washington, DC
Issues: Foreign Affairs Economy and Fiscal

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Mr. President, I rise to speak in support of the nomination of Mr. Heath Tarbert to be Assistant Secretary of the Treasury for International Markets and Development. This position is both a critical national security and international economic policy job.

A critical part of the Assistant Secretary's job--and the reason for which this position was created by statute and passed in the Banking Committee--is to marshal the procedures and processes of the interagency, Treasury-led Committee on Foreign Investment in the United States, or CFIUS, which protects our Nation from hostile foreign transactions designed to undermine U.S. national security interests.

This is now a very time-sensitive post because Senators on both sides of the aisle are working to introduce legislation to change the CFIUS process for the first time in a decade.

Confirmation of Mr. Tarbert is critical so that he is available to provide necessary input on any proposed changes and to swiftly.

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