The US Senate voted on Wednesday, September 27, to confirm Heath Tarbert to be an assistant secretary of the Treasury.
Tarbert is expected to oversee the inter-agency Committee on Foreign Investment in the United States, which assesses proposed transactions to ensure they do not harm national security.
Tarbert, now at the law firm Allen & Overy, takes the reins of CFIUS at a time when the inter-agency panel has balked at approving deals involving China in areas as disparate as semiconductors, insurance and aluminum.
Full Content: Reuters
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