Richard C. Shelby
PER
Richard C. Shelby Shelby
Senator Richard C. Shelby, the Alabama Republican who heads the Banking Committee, said that the Dubai deal showed that neither the president, nor the Treasury secretary knew anything about the deal. Mr. Shelby sponsored what has emerged as the central Senate bill on the subject. Dismissing the concerns that his bill could result in too much transparency and create a chilling climate for foreign investment, he said the legislation was carefully written to encourage foreign investment while making the administration more vigorous in approaching national security issues.