House Unanimously Upgrades Foreign Investment Review Process

The House unanimously voted Wednesday to give the government more power to review foreign investment in key facilities. The 423-0 vote covers power plants, ports and other facilities.

It follows last year's uproar over plans by Dubai Ports World, a company owned by the government of Dubai, to buy management rights at six U.S. ports.

The bill expands the list of transactions that have to be reviewed by the Committee on Foreign Investment in the United States. It also requires a 45-day investigation, after the initial 30-day review, of any deal involving companies controlled by foreign governments.

Lawmakers from both parties said the group ignored serious national security concerns in approving the Dubai deal.

The bill now goes to the Senate.