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Last edited by goldendog; 24th March 2017 at 05:14 PM.
“Only the President has the authority to suspend or prohibit a covered transaction,” the guidelines say.
But Schweizer is wrong when he says that Clinton had “veto power” and “could have stopped the deal.” At best, she could have forced the president to make a decision.
The committee, which is known by its acronym CFIUS, can approve a sale, but it cannot stop a sale. Only the president can do that, and only if the committee recommends or “any member of CFIUS recommends suspension or prohibition of the transaction,” according to guidelines issued by the Treasury Department in December 2008 after the department adopted its final rule a month earlier.
Treasury Department, Dec. 8, 2008: Only the President has the authority to suspend or prohibit a covered transaction. Pursuant to section 6(c) of Executive Order 11858, CFIUS refers a covered transaction to the President if CFIUS or any member of CFIUS recommends suspension or prohibition of the transaction, or if CFIUS otherwise seeks a Presidential determination on the transaction.
Even the president cannot prohibit a transaction without “credible evidence” that the “foreign interest exercising control might take action that threatens to impair the national security,” according to the regulation.
The Clinton campaign told the Times that generally these matters did not reach the secretary’s level, so she may not have been involved at all. According to the Times, Jose Fernandez, a former assistant secretary of state, represented the department on the committee.
No 'Veto Power' for Clinton on Uranium Deal - FactCheck.org
Last edited by Eve1; 20th April 2017 at 07:33 AM.