AP: Bayh to introduce bill requiring port security oversight

[PhilipShore]

The Associated Press
Bayh to introduce bill requiring port security oversight
February 21, 2006

http://www.wabashplaindealer.com/articles/2006/02/22/state_news/state1.txt

U.S. Sen. Evan Bayh said he will introduce legislation to increase oversight of business deals with foreign governments to protect homeland security.

Bayh's proposal Tuesday came amid congressional criticism of the planned takeover of shipping operations at six major U.S. seaports by a state-owned business in the United Arab Emirates. President Bush endorsed the deal Tuesday and said he would veto any bill Congress might approve to block the agreement.

In a news release, Bayh said the deal was a symptom of a larger problem, citing the 1995 government approval of the sale to a Chinese consortium of a company that made 80 percent of the magnets used to guide U.S. smart bombs.

‘‘We have to stop outsourcing our homeland security. The Dubai takeover is a symptom of a much larger problem,'' said Bayh, D-Ind. ‘‘Again and again, the current system for overseeing foreign takeovers has undermined our national security interests by rubber stamping deals like this one.''

[thinkingwoman]

1. Hey Bayh, meet 2 little, 2 late

:eyes:

[wisteria]

2. So now Bayh is taking the stage, Clinton was introducing a bill

also, I think she beat him to this one. I am no Clinton fan, but where the hell does Bayh come off like he is on top of this now? What a phony jerk. Oh, yeah, I want him for President-not.

[dolstein]

3. The bills are different

I think the Clinton-Menedez bill would simply suspend or delay approval of a specific transaction involving the UAE-owned company, whereas the Bayh bill would change the procedure for approving these kinds of transactions generally.