Treasury staff at the Committee on Foreign Investment in the United States (CFIUS) has been called by Sen. Chris Murphy to determine whether Musk’s purchase of the social media platform could trigger a national security review due to the stake Saudi Arabia owns.
Asked today if the Biden administration shares the same view, NSC Coordinator for Strategic Communications John Kirby said that the decision is up to CFIUS.
“If that to occur it would be their, CFIUS decision,” said Kirby. “We would not have a position here on that,” noted Kirby. “We are going to let CFIUS talk about that.”
In 2015, it has been widely reported that Prince Alwaleed bin Talal and his investment firm owned over 5% of Twitter, more than what Twitter’s then CEO Jack Dorsey owned.
Why the national security review would be needed now under Elon Musk and was not a problem in 2015 is yet to be determined.
READ ALSO
The Kennedy Family Endorses Joe Biden For President
15 members of the Kennedy family throw their support behind President Biden. During a campaign event in Pennsylvania on Thursday, President Biden garnered the endorsement of the Kennedy family. Sharing the stage with six children of the late Robert F. Kennedy, including his daughter Kerry Kennedy, the President received high praise. Kerry Kennedy, describing Biden…
Keep readingTake A Look Inside President Biden’s Day: April 19, 2024
9:00 AM President Biden receives the President’s Daily Brief 11:4o AM President Biden departs the White House en route to the Washington Hilton 12:00 PM President Biden delivers remarks at the IBEW Construction and…
Keep readingAmbassador Marko Djuric: UN Resolution on Srebrenica threatens to derail essential reconciliation efforts in the region
A draft UN resolution, proposed by Germany, Rwanda and Bosnia and Herzegovina, and supported by a group of countries including the US, France and Turkey, that declares July 11 the International Day of Reflection and Remembrance of the 1995 Srebrenica Genocide threatens to undermine our collective understanding of reconciliation and the decades-long effort to bring…
Keep reading