Key U.S. senator seeks overhaul of foreign deal

The Chief is generally unimpressed with the legislative behaviour of Sen. Susan Collins (RINO-ME), but in this instance she has gotten together with Sen. Jos. Lieberman (D-CT) to frame a proposal to change the regulatory structure that vets foriegn investment deals.

Senate Homeland Security Chairman Susan Collins, a Maine Republican, said she and the panel’s top Democrat, Sen. Joseph Lieberman of Connecticut, will introduce legislation next week to overhaul the process and give the lead to the Department of Homeland Security. In an interview with ABC’s “This Week,” Collins said national security agencies need a bigger voice in the process, which is now led by the Treasury Department.

This is something that is a step in the right direction. If the process is driven by Treasury Dept. bean-counters, money talks, and security walks, in far too many cases.