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This article examines US foreign investment policy in the historical and current security contexts andprovides an analytical discussion on the trends in foreign investment review on national security grounds. It fi nds that the concept of national security has been gradually broadened to include economic security, critical infrastructure, and homeland security as components of national security. This has allowed the foreign investment review process to become highly politicized. The article concludes that national security is far too important to be mixed with domestic political debates on economic and social concerns from foreign takeovers.

The paper provides an empirical examination of the determinants of support for Permanent Normal Trade Relations Status (PNTR) for China in the United States Congress. A logistic regression model and control is estimated for both economic and political influences. It is found that business political action committee (PAC) contributions to lawmakers and the skill level of the constituency had a significant positive influence on lawmakers' voting in favour of PNTR. Political affiliation, import-competing industries in the constituency, labour PAC contributions, and lawmakers' political ideology had a significant negative influence on the PNTR vote.

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