Financial-services execs worried about foreign-investment legislation

Financial-services execs worried about foreign-investment legislation

Executives from JPMorgan Chase & Co., Citigroup, MetLife Inc. and Goldman Sachs Group are among those who wrote a letter to Senate Banking Committee Chairman Richard C. Shelby expressing concern about a plan to regulate foreign purchases of U.S. assets. Financial services companies are concerned that pending legislation would scare away foreign investment and invite retaliation overseas. An additional letter, mailed from the Organization for International Investment to Banking Committee members, was signed by the Securities Industry Association, among others.

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