Waters, Brown Ask CFIUS to Evaluate National Security Risks of PGA Tour Merger with Saudi-Backed LIV

Press Release

"Saudi Arabia has a repressive government, known for chilling dissent, jailing dissidents, and enacting draconian punishments. Notably, the Crown Prince himself was implicated in the brutal murder of Washington Post journalist Jamal Khashoggi…As you know, the Committee on Foreign Investment in the United States (CFIUS) reviews certain foreign direct investments to determine the effects of those transactions on the national security of the United States. The statute grants authority to CFIUS to mitigate national security risks associated with certain transactions and to the President to block or suspend proposed or pending foreign "mergers, acquisitions, or takeovers" of U.S. entities, including through joint ventures, that threaten to impair national security."

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