Reply #18: Members of CFIUS Committee

[Marie26]

"In 1993, in response to a sense of Congress resolution, CFIUS membership was expanded by Executive Order 12860 to include: the Director of the Office of Science and Technology Policy,
the Assistant to the President for National Security Affairs and the Assistant to the President for Economic Policy. In February 2003, the Department of Homeland Security was added to CFIUS. This brought the membership of CFIUS to twelve under the chairmanship of the Secretary of Treasury. The other members are the Secretaries of State, Defense, and Commerce, the Attorney General, the Director of the Office of Management and Budget, the U.S. Trade Representative, and the Chairman of the Council of Economic Advisers."

http://www.treas.gov/offices/international-affairs/exon... /

They're supposed to submit a report to the President after conducting the 30-day review. I'm starting to think no review was ever conducted at all. The web site says that the companies must voluntarily notify CFIUS of pending acquisitions so that the committee can review. What if someone "forgot" to notify? Would explain why no one seems to know about it.

And Bush HAD to have known what the committee approved. They must report directly to him & recommend a course of action. If the CFIUS issued a report on Feb. 13, Bush had to know on Feb. 13th. It's right there in the law:

"(2) Report to the President. Upon completion or termination of any investigation, the Committee shall report to the President and present a recommendation. Any such report shall include information relevant to subparagraphs (1) and (2) of Section 721(d) of the Defense Production Act. If the Committee is unable to reach a unanimous recommendation, the Chairman shall submit a report of the Committee to the President setting forth the differing views and presenting the issues for his decision."

http://www.archives.gov/federal-register/codification/e...