Charles Schumer

Dubai Ports World Abandons US Port Takeover Under Congressional Pressure

2006-03-09 00:00:00 +0000 UTC | Importance: 9/10

On March 9, 2006, Dubai Ports World (DPW) announced it would abandon its controversial plan to control US port operations, marking a pivotal moment in the Bush presidency’s foreign investment strategy. The decision came after the House Appropriations Committee voted 62-2 to block the $6.8 …

Dubai Ports World House Appropriations Committee Charles Schumer Dennis Hastert Bill Frist +4 more corporate-defeat congressional-oversight foreign-investment national-security port-security +1 more

Bush Threatens First Presidential Veto Over Dubai Ports Deal

2006-02-22 00:00:00 +0000 UTC | Importance: 9/10

President George W. Bush threatened to cast his first presidential veto if Congress blocked Dubai Ports World’s (DPW) acquisition of US port operations, sparking a major national security controversy. The $6.8 billion deal would have given a UAE state-owned company control of cargo terminals …

George W. Bush Charles Schumer Dubai Ports World UAE Republican Congress +2 more presidential-power corporate-influence foreign-policy regulatory-capture national-security