Foreign Investment Risk Review Modernization Act of 2018

Floor Speech

BREAK IN TRANSCRIPT

Mr. DAVIDSON. Mr. Speaker, I want to thank my colleagues for working together on this bipartisan legislation, H.R. 4311, the Foreign Investment Risk Review Modernization Act. It addresses the intersection of national security, intellectual property, and property rights.

We have a responsibility to protect the people of the United States of America from threats abroad, and we also have a responsibility to protect the system that has truly made the United States the world's land of opportunity. We have had free flow of goods, services, capital, ideas, and, indeed, people because we have a high functioning rule of law here in America.

How can the entrepreneur living the American Dream truly thrive in the spirit of enterprise when competing against a foreign state? But that is the very state that he is up against a lot of times in trade as an entrepreneur seeks to grow a corporation backed by a foreign government.

This legislation addresses many of these types of concerns--countries acting as companies that pose threats to our national security--and this legislation has been done in a bipartisan, constructive manner, and I appreciate the input and efforts from Members of both sides of the aisle as well as those in the administration and the private sector who have helped make this meaningful legislation what it is today.

BREAK IN TRANSCRIPT

Source