    [Public Papers of the Presidents of the United States: George W. Bush (2008, Book I)]
    [January 23, 2008]
    [Page 108]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Signing an Executive Order To Reform How the United States
    Reviews National Security Concerns That May Arise From Foreign
    Investments
    January 23, 2008

        Today I issued an Executive order reforming how the United States
    reviews national security concerns that may arise from foreign
    investments, in light of the Foreign Investment and National Security
    Act of 2007. The Executive order furthers the goals of the new law by
    ensuring that the Committee on Foreign Investment in the United States
    will review carefully the national security concerns, if any, raised by
    certain foreign investments into the United States. The Executive order
    reaffirms our commitment to open economies and our policy of welcoming
    foreign investment and the important economic benefits that such
    investment brings. At the same time, the Executive order sets forth
    procedures for protecting our national security, recognizing that our
    openness is vital to our prosperity and security.

    Note: The statement referred to Executive Order 13456, which is listed
    in Appendix D at the end of this volume.