September 27, 2017 / 9:09 PM / a year ago

U.S. Senate confirms Heath Tarbert to be an assistant Treasury secretary

WASHINGTON (Reuters) - The U.S. Senate voted on Wednesday to confirm Heath Tarbert to be an assistant secretary of the Treasury.

Tarbert is expected to oversee the inter-agency Committee on Foreign Investment in the United States, which assesses proposed transactions to ensure they do not harm national security.

Tarbert, now at the law firm Allen & Overy LLP, takes the reins of CFIUS at a time when the inter-agency panel has balked at approving deals involving China in areas as disparate as semiconductors, insurance and aluminum.

Reporting by Diane Bartz; Editing by James Dalgleish

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