COMMITTEE ON FOREIGN INVESTMENT IN THE U.S.

Committee Proposes Expanded Foreign Transaction Oversight After Failed Fufeng Project

WASHINGTON, D.C. (KVRR) — The failed Fufeng wet corn milling project near Grand Forks has prompted a proposed change to jurisdiction over foreign transactions. The project was killed earlier this year when Air Force officials cited national security concerns. The plant was planned on land about 12 miles from Grand Forks Air Force Base. The Committee on Foreign Investment in…