Legislators Call For Sovereign Wealth Fund Clarity
Reps. Barney Frank (D-Mass.), Carolyn Maloney (D-N.Y.) and Luis V. Gutierrez (D-Ill.) wrote a letter to Paulson urging him to clarify whether a 10% threshold is a “bright line” rule.
Currently, foreign companies who purchase less than 10% of a U.S. company are not subject to scrutiny by the Committee...
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