implications they buy a precision tool company in michigan, that transaction is required approval by cfiusforeign -- >> they scr t have to approve t. >> they are militarily sensitive it clear, if you have the son of the vice president involved with investment firm that is making this investment, even if it is chinese government that good cover. their is another investment in china general nuclear, which is a company based in hong kong. they become shareholders in this. son of the vice president onboard of director of this company, they buy part of cgn . within a year, our fbi is charging cgn with stealing nuclear secret in united states, these are transactions that are occurring, problem from stand point of hunter biden is, we have no idea how much he was paid. this is only first deal he does in china. there is another one called rose montrealty, real estate term, she a cofounder of this real estate firm, a chinese company gemini investment linked to costco a famous chinese company tied to chinese military, gemini comes in and buys 75% much rose montrealty in 2017. hunter biden, is doing d

what we often call cfius. cfius plays an important role in the investment market by reviewing the national security implications of certain transactions involving foreign investment in the united states. congress recognized and underscored the importance of this national security job when it repurposed the previous assistant secretary slot with passage of frma last july. up until that time, the assistant secretary split his time between cfius and work on international markets, and today the assistant secretary for investment and security is dedicated 100% to cfius responsibilities. mr. feddo's nomination comes at an important time in history when china's ambitions forced congress to reevaluate the reliance of u.s.-china commerce and the laws and regulations governing that connectivity. frma expanded the jurisdictional reach of cfius to better protect u.s. cutting edge technology companies from hostile foreign takeover and influence, based on a couple of concerns. first, that cfius did not have this ability int