“The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee that serves the President in overseeing the national security implications of foreign investment in the economy,” the Congressional Research Service has explained (pdf). “Originally established by an Executive Order of President Ford in 1975, the committee generally has operated in relative obscurity.”
That relative obscurity continues to prevail. A new Department of Defense Instruction says that “The DoD CFIUS process should, to the extent possible, be a transparent process.” Yet the same Instruction dictates that “Information or documentary material filed with CFIUS shall be exempt from disclosure [under the Freedom of Information Act] and will not be made public.” See “DoD Procedures for Reviewing and Monitoring Transactions Filed with the Committee on Foreign Investment in the United States (CFIUS),” DoD Instruction 2000.25 (pdf), August 5, 2010.
Two informative background reports on CFIUS were recently updated by the Congressional Research Service (both pdf). See “The Committee on Foreign Investment in the United States (CFIUS),” July 29, 2010, and “The Exon-Florio National Security Test for Foreign Investment,” July 19, 2010.
Despite the uphill battle the country is facing, Dr. Schlaerth feels optimistic about the future possibilities of industrial decarbonization.
A supply-side tax credit (STC) could offer a tax incentive to material suppliers and professional service consultants that provide goods or services to affordable housing projects.
The Department of Housing and Urban Development (HUD), Department of Commerce, and Department of Transportation should jointly develop and manage a data resource—a Housing Production Dashboard—to track housing production within and across states.
Exempting affordable housing from volume caps would address the underlying issue and have the greatest impact in this housing emergency.