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US expands reviews of foreign investment in critical infrastructure

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Listen: US expands reviews of foreign investment in critical infrastructure

President Donald Trump recently signed into law expanded powers for the Committee on Foreign Investment in the United States. The inter-agency group led by the Treasury secretary reviews outside investment in US companies for potential national security threats.

Refineries, upstream oil and gas projects and other energy deals can draw CFIUS scrutiny.

US Representative Chris Stewart, Republican-Utah, joined Capitol Crude this week to explain why the changes were needed. He is chairman of the House intelligence committee's Department of Defense Intelligence and Overhead Architecture Subcommittee.