Sen. Crapo: Confirmation of CFIUS head will help stem China’s 'coercive influence' on emerging tech

The Senate on Wednesday moved toward confirming President Trump’s nominee to lead the Committee on Foreign Investment in the United States, which Senate Banking Chairman Mike Crapo (R-ID) said will advance efforts to guard against Chinese threats to national security.

Thomas Feddo's nomination as assistant Treasury secretary “comes at an important time in history, when China’s ambitions forced Congress to re-evaluate the reliance of U.S.-China commerce and the laws and regulations governing that connectivity,” Crapo said in a floor statement...