New Bill Rekindles CFIUS Debate 1 Year After Smithfield

Law360, New York (September 25, 2014, 4:58 PM EDT) -- A bill introduced last week aims to upend the U.S. government's framework for reviewing foreign parties' acquisitions, the latest turn in a tense debate over trade policy and economic security inflamed last year by a Chinese company's purchase of the top U.S. pork producer.

It's been more than 12 months since the landmark $7.1 billion transaction officially put Smithfield Foods Inc., one of the biggest U.S. food companies, under the ownership of Shuanghui International Holdings Ltd. But time hasn't muzzled the small but vocal group of policymakers that pounced on what they said were serious food safety risks tied to a...

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