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October 22, 2005
A controversial definition of security
The Bush administration's attempt to overhaul the CFIUS (Committee of foreign investments in the US) gives us the possibility to think about the definition of "national security".
The Financial Times reports on Senator James Inholfe's call for an overhaul that would give Congress greater oversight of CFIUS. His report highlights "a weakness in CFIUS as the panel did non explicitly define 'national security' to include 'economic' security". Mr Kimmitt, deputy Treasury secretary, notes that lawmakers should not force CFIUS to adopt a strict definition of security, since the concept of security is always in motion: "The day you try to define it, it will be out of date".
Posted October 22, 2005 10:23 AM
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