Letter to Congressional Leaders on the Proposed Acquisition of Ross Catherall US Holdings Inc., by Dubai International Capital LLC
Dear Mr. Speaker: (Dear Mr. President:)
Attached is a classified report on my decision to take no action to suspend or prohibit the proposed acquisition of Ross Catherall US Holdings Inc., by Dubai International Capital LLC, a subsidiary of Dubai Holding LLC.
I have made this decision under the authority vested in me as President by section 721 of the Defense Production Act of 1950 (the "Exon-Florio amendment"), 50 U.S.C. App. 2170, and on the basis of the recommendation from senior officials who make up the Committee on Foreign Investment in the United States.
The attached report, prepared by my Administration, is submitted consistent with subsection (g) of that amendment and is subject to the provisions of subsection (c) regarding confidentiality of information.
Sincerely,
GEORGE W. BUSH
NOTE: Identical letters were sent to J. Dennis Hastert, Speaker of the House of Representatives, and Richard B. Cheney, President of the Senate. An original was not available for verification of the content of this letter.
George W. Bush, Letter to Congressional Leaders on the Proposed Acquisition of Ross Catherall US Holdings Inc., by Dubai International Capital LLC Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/215276