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Congress Opposes Controls in Treasury Defense of U.S. Investments
Treasury official Gerald Parsky defended the administration against congressional efforts to police foreign investment by oil rich nations. He argued that economic gains outweigh political risks and warned new controls could deter investment. Senator Harrison Williams pressed a bill to require approval, disclose true owners, and block 5 percent ownership by governments boycotting Israel.
MENTIONED IN THIS ARTICLE
Ashington
Treasury Department
Ford Administration
U.S
United States
Gerald Parsky
Los Angeles
Parsky
the Treasury For Trade, Energy and Financial Resources Policy
Organization of Petroleum Exporting
Harrison Williams
DN. J
Senate Committee On Banking, Housing and Urban Affairs
Senate
Williams
Israel
Securities and Exchange Commission
West Coast
Administration
Subcommittee
OPEC
Congress