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Senators want food safety review when US firms sold overseas

from Reuters via U.S. News & World Report

Two U.S. senators from Midwestern states will introduce a bill that would require foreign companies buying U.S. food and agriculture firms to undergo a review aimed at ensuring the deal would not hurt U.S. food security. The legislation from Sens. Chuck Grassley, R-Iowa, and Debbie Stabenow, D-Michigan, would add the secretaries of the Agriculture Department and Health and Human Services, which oversees the Food and Drug Administration, to a panel that reviews mergers and other deals to ensure that transactions do not harm national security. more


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