Thank you, Mr. Chair.
Thank you to the witnesses.
Mr. Lee, I'm glad you raised the issue over investment maybe leaving our country and going to the United States. You seemed to have been suggesting that it's a lot easier.
I guess I'm going to ask, then, your assessment. CFIUS, the committee on foreign investment in the United States, actually has 16 departments that oversee foreign investment. It was created by Gerald Ford in 1975. In the 1980s it really emerged significantly, dealing with Japanese semiconductor issues in American supplies. In 1988, the Exon-Florio arrangement gave them the option to outright reject mergers or acquisitions. CFIUS right now does not have to have a public review. It doesn't even have to engage the parties that are looking to take over. They do not exercise any public commentary of the decisions they make.
I'm just wondering. Given that, are you suggesting that our current laws in this current bill would give us equivalency or stronger powers than CFIUS?