“Would we raise questions if Russia or Iran was buying large parts of U.S. media and entertainment companies? Of course we would,” Smith said in a statement to Variety. “Raising questions about Chinese investment is no different.”
The principal author of the letter is Rep. Robert Pettinger, R-North Carolina, who has been outspoken in the past about various Chinese acquisitions in other sectors. Two Democrats joined 14 Republicans in signing the letter, which seeks a review from the Government Accountability Office of existing regulations. Under current law, foreign deals that may pose national security concerns go before the Committee on Foreign Investment in the U.S., a body made up of various administration agencies.
http://variety.com/2016/film/news/wanda-lawmakers-raise-questions-about-chinese-investment-in-hollywood-1201868250/
The principal author of the letter is Rep. Robert Pettinger, R-North Carolina, who has been outspoken in the past about various Chinese acquisitions in other sectors. Two Democrats joined 14 Republicans in signing the letter, which seeks a review from the Government Accountability Office of existing regulations. Under current law, foreign deals that may pose national security concerns go before the Committee on Foreign Investment in the U.S., a body made up of various administration agencies.
http://variety.com/2016/film/news/wanda-lawmakers-raise-questions-about-chinese-investment-in-hollywood-1201868250/