Mr. McCaul of Texas- First, Mr. Chairman, I want to commend the chairman of the committee and the ranking member for their important work on this bill. As a member of the Homeland Security Committee, I certainly see the importance and value of what we are doing here today.

   Mr. Chairman, I rise in support of this amendment which requires the Secretary of the Treasury to include in his reporting information the rate of taxation in the United States as compared to other countries and how that would affect the investments examined by CFIUS.

   And while I support the underlying bill, this amendment improves on the oversight requirements included in it. It requires the report to include information on how taxation affects foreign investment in the United States. Congress will be better informed on how our actions make it harder or easier for foreign countries to invest in our critical infrastructure.

   The report is also required in the text of the bill, and this amendment merely ensures that we, as a Congress, know all the information we need to perform effective and better oversight.

   The underlying bill is about how foreign investment affects national security, and there is no way to understand why foreign investments would be made here, or what it would do to our economy, without understanding the economic factors such as taxes.

   I ask my colleagues to support this amendment and support a thorough report that examines all the factors affecting foreign investments in the United States.