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The House ignored claims that it was...

The House ignored claims that it was indulging in “election year xenophobia” and passed a bill, 250-170, and sent it to the Senate, to require major foreign investors to report their U.S. holdings to the government. The measure would require foreign investors with “a significant interest” in American property or business to report their identity and holdings to the Commerce Department. It would apply to those owning more than 5% of a business or property valued at more than $5 million or that has more than $10 million in annual gross sales.


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