Hoeven, Cramer, Rubio Request CFIUS Review Into Fufeng Land Purchase Near Grand Forks
WASHINGTON – Senators John Hoeven and Kevin Cramer today joined Senator Marco Rubio (R-Fla.), Vice Chairman of the Senate Intelligence Committee, in sending a letter to U.S. Department of Defense Secretary Lloyd Austin and U.S. Treasury Department Secretary Janet Yellen requesting that the Committee on Foreign Investment in the United States (CFIUS) conduct a review of the Chinese food manufacturer Fufeng Group’s recent purchase of land near Grand Forks, North Dakota. The senators believe that a full CFIUS review would clarify whether the purchase of this land, by Fufeng Group, carries national security implications.
“We note that local officials are seeking input from federal authorities about any national security implications of this project. Local officials have discussed the matter with the U.S. Air Force and the Federal Bureau of Investigation. According to published reports, they also have encouraged Fufeng to make a voluntary CFIUS filing,” the senators wrote. “People’s Republic of China investments in the United States demand scrutiny. We therefore urge you, through CFIUS, to determine whether this project has national security implications and inform us when such a review is completed.”
Click here for the full text of the letter.
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