A joint venture involving North Carolina-based rail manufacturing company Vertex Railcar Corp. and two Chinese companies should be investigated, more than 50 House lawmakers said.
The lawmakers—led by Reps. Peter DeFazio (D-Ore.), Randy Forbes (R-Va.) and Dan Lipinski (D-Ill.)—told Treasury Secretary Jack Lew in a letter released July 18 that an interagency committee he chairs should investigate the joint venture with China Railway Rolling Stock Corp. (CRRC) and Majestic Legend Holdings for national security concerns.
The interagency Committee on Foreign Investment in the United States (CFIUS) reviews transactions that could result in the control of a U.S. business by ...
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