Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Rep. Roger Williams urges tougher scrutiny of Chinese purchases of U.S. small businesses and farmland
Summary
Rep. Roger Williams, chair of the House Committee on Small Business, said a recent committee hearing raised alarms about Chinese-controlled buyers acquiring U.S. companies, intellectual property and farmland and urged policy changes to keep businesses domestic. Witnesses described legal and supply-chain risks.
Rep. Roger Williams (R), chair of the House Committee on Small Business, said a recent committee hearing highlighted what he described as an urgent problem: Chinese-controlled buyers acquiring U.S. companies, intellectual property and farmland in ways that can displace American owners.
“People may never see this kind of money again,” Williams said, describing deals that pay unusually high prices and, in some cases, leave original owners without operational control. He said these purchases include agricultural land, adding, “They own 31 million acres of our food land, food supply.” Williams attributed these concerns to testimony and cases presented at the hearing.
Williams said the committee is weighing responses that protect intellectual…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
