Rep. Robert Pittenger
CHARLOTTE – Today, the Trump Administration continued strong support for two of Congressman Robert Pittenger’s signature national security efforts: strengthening review of foreign investments that threaten national security, and targeting sources of terrorism financing.
According to The White House, President Trump’s FY2019 budget “prioritizes resources to combat terrorism financing, proliferation financing, and other forms of illicit finance and supports Treasury’s role as chair of the Committee on Foreign Investment in the United States (CFIUS) to address current and future national security risks.”
In today’s announcement of the Treasury Department’s Strategic Plan for Fiscal Years 2018-2022, Secretary Mnuchin noted, “they also demonstrate Treasury’s commitment to combatting terrorism and illicit financing. Treasury further supports modernizing the CFIUS review process.”
Congressman Pittenger’s Foreign Investment Risk Review Modernization Act (FIRRMA, H.R. 4311) strengthens how CFIUS reviews the national security risks of potential foreign investments. President Trump, Defense Secretary Mattis, Treasury Secretary Mnuchin, and Attorney General Sessions have all endorsed Congressman Pittenger’s legislation, which he introduced with Senate Majority Whip John Cornyn (R-TX) on November 8th.
As Chairman of the Congressional Task Force on Terrorism, and Vice Chairman of the House Financial Services Subcommittee on Terrorism and Illicit Finance, Congressman Pittenger has hosted over 600 Members of Parliament and other officials from dozens of countries for a series of 10 Parliamentary Forums focused on strengthening joint efforts to combat sources of terrorism financing.
“China and other adversarial nations are using malicious business investment to acquire sensitive American technology and threaten our national security. Terrorists are manipulating loopholes in the global financial system to finance their acts of evil. Thank you to President Trump and Secretary Mnuchin for recognizing these threats and prioritizing solutions to keep hardworking American families safe,” said Congressman Pittenger (NC-09).
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