Stabenow Plans to Get Committee Involved in Evaluation of Smithfield Sale
Senate Agriculture Committee Chair Debbie Stabenow has expressed many concerns with the proposed sale of Smithfield Foods to a Chinese firm. As a result - she said Friday that she plans to get her committee involved in the government's evaluation of whether the sale should move forward. In fact - in an interview for C-SPAN - Stabenow said the Ag Committee will insist on becoming involved in the process the Treasury Department will undertake to evaluate the proposed sale. Hearings may or may not be held. According to Stabenow - the sale could have implications for U.S. consumers and other export markets like Japan. The sale is supposed to be examined for national security concerns - and Stabenow said food security must be considered a vital part of national security. She realizes there could be anti-trust concerns about a merger of Smithfield with another big U.S. pork producers - but said she would encourage U.S. companies to make bids on Smithfield.
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