Sen. Sherrod Brown Introduces Bill Aimed At Protecting Economy

TOLEDO, Ohio - Sen. Sherrod Brown returned to Toledo to announce a new bill intended to protect American jobs from harm from foreign investments. 

Brown's bill, The United States Foreign Investment Review Act, would establish a process for reviewing certain foreign investments to ensure they are in the economic interest of the country. 

“Foreign investments should lead to good-paying jobs in Lucas County and Lima and Lebanon and Lancaster – not huge payouts for the Chinese government,” Brown said during a Monday event. “Investment by foreign companies can, and should, create jobs for Ohioans and economic growth for Ohio communities. It’s simple – before we do business with a foreign entity, let’s make sure it will create jobs and grow the U.S. economy.”

Republican Senator Chuck Grassley of Iowa is a co-sponsor of the bill. 

The proposed review process would investigate any foreign investment that results in foreign control of any U.S. entity worth more than $1 billion. 

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