Jeb Hensarling is the chairman of the House Financial Services Committee, succeeding Hugh’s guest host today, John Campbell. Part of the oversight of this committee includes CFIUS review – the Committee on Foreign Investment in the United States. Here is that that interview, and why Hillary Clinton may have to spend a little more time on the Hill under oath than previously thought.
JC: This is former Congressman John Campbell who did escape the swamp, but still in that swamp is my guest this segment, Congressman Jeb Hensarling, chairman of the Financial Services Committee from the Lone Star State. Welcome to the Hugh Hewitt Show, Jeb Hensarling.
JH: John, thanks for having me, but you were far too happy when you used the word former in front of Congressman.
JC: (laughing) Well, there is a little bit of joy there for me now. But I knew when I left that I was leaving things in capable hands, which include yours. So what I wanted to ask you about today was there’s more information just came out today about the Clinton foundation and another $55 million dollars of unreported gifts. This is not according to the right wing conspiracy. This is according to the Boston Globe and the New York Times. But some of this came out last week was about a Russian acquisition of U.S. uranium interests which has to go through a process called CFIUS, which stands for the Committee on Foreign Investment in the United States. And it went through that process, that particular approval of Russians buying uranium in the United States back when Barney Frank had the gavel that you now hold as chairman of the Financial Services Committee. And the whole thing has a lot of clouds over it and doesn’t look very good. So Jeb Hensarling, what, you, the CFIUS process comes under the jurisdiction of your committee. What have you looked into this thing? What have you found out? What are you going to do, if anything, about it?
JH: Well, you yourself, John, know more about this than most others since it was within your subcommittee jurisdiction. But there is this agency that has to essentially approve the acquisition by foreign entities of U.S. strategic interest that could have national security concerns. And it just so happens again that the Department of State is a key member of this group called CFIUS, the Committee of Foreign Investment in the U.S. As you know, we’re famous for acronyms in the Capitol. At the time, as you well put it, Barney Frank, a Democrat, was chairman of the committee. But the House Republicans protested at the time. We urged CFIUS not to approve the transaction that has led to Russia to control the lion’s share of uranium product, and as you well know, to control a fifth of the United States, our own American uranium production. So we protested at the time. Now all of a sudden, we have this information from the New York Times. We have this information from the Boston Globe, as you well put it, not exactly part of the vast right wing conspiracy that the Clintons like to complain about. So on the surface, it does not pass the smell test. And so CFIUS comes within the jurisdiction of the House Financial Services Committee. Just today, in fact, an hour ago, we have sent to CFIUS a letter demanding a relevant documents as part of an official discovery process. Continue Reading