Two Illinois lawmakers have asked the federal government to review a recent acquisition in which a Chinese state-run company took full ownership of a grain terminal strategically located on the Mississippi River.
In a bipartisan letter to U.S. Treasury Secretary Janet Yellen, chair of the Committee on Foreign Investment in the United States (CFIUS), dated June 27, Reps. Mike Bost (R-Ill.) and Nikki Budzinski (D-Ill.) raised concerns over the impact of the acquisition of the Cahokia grain terminal on national security and the region’s agricultural economy.
“China is attempting to buy up America’s commercial infrastructure and farmland at a breakneck pace. The economic and national security implications are far too great to allow that to happen,” Mr. Bost said in a statement….