class="post-template-default single single-post postid-413061 single-format-standard group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-6.0.5 vc_responsive"
Senators Request Committee on Foreign Investment in the U.S. Review Transactions of Brazil Owned JBS S.A. | Rural Radio Network

Senators Request Committee on Foreign Investment in the U.S. Review Transactions of Brazil Owned JBS S.A.

Senators Request Committee on Foreign Investment in the U.S. Review Transactions of Brazil Owned JBS S.A.

WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Marco Rubio (R-Fla.), Chairman of the Senate Foreign Relations Subcommittee on the Western Hemisphere, Tuesday sent a letter to Secretary of Treasury Steven Mnuchin requesting that the Committee on Foreign Investment in the United States (CFIUS) formally open a review of the transactions of Brazilian meat-processing conglomerate, JBS S.A. Over the last twelve years, JBS S.A. has become increasingly active in the American food sector.

“Given its admitted criminal conduct to secure loans that were used for investment in the United States and the group’s business relationships with Venezuela’s Maduro regime, as well as its growing reliance on financing from entities aligned with the Chinese government, we ask that CFIUS conduct a review of JBS S.A.’s acquisition of U.S. companies,” wrote Menendez and Rubio. “The growing trend of foreign investment in our food system demands increased attention and scrutiny in order to safeguard our nation’s food supply.”

A copy of the Senators’ letter can be found here.

© 2019 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share:
Comments