Fifteen U.S. senators from both sides of the aisle are urging the government to consider food safety as they review the proposed sale of Smithfield Foods, America’s largest pork company, to Shuanghui International, China’s largest meat processor. The $4.7 billion deal, which would be the largest Chinese takeover of an American company, will be reviewed by the Committee on Foreign Investment in the United States (CFIUS), an interagency committee chaired by Treasury Secretary Jack Lew that includes 16 agencies, including the Defense Department and the Department of Homeland Security, that reviews foreign investment to ensure national security is not compromised.
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