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My frustrations when trying to recruit a foreign company to NM

By Jerry Pacheco
From Albuquerque Journal

My frustrations when trying to recruit a foreign company to NM

CFIUS -- it's not a new disease making people sick, an ancient Greek mythological figure or a planet in another galaxy. CFIUS stands for Committee on Foreign Investment in the United States.

CFIUS was established in 1975 by President Gerald Ford's administration, mostly due to concern of increased Japanese investment in the U.S. CFIUS allows the executive branch to reject foreign projects attempting to establish themselves in the U.S., based on national security. CFIUS is chaired by the U.S. Secretary of the Treasury, and includes representatives from 16 executive entities, such as Commerce, Defense and Homeland Security. Other agencies directly reporting to the president can also participate.

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