“We cannot afford for America’s supply of weapons to fall into the wrong hands.”
WASHINGTON, D.C. – Senator JD Vance (R-OH) sent a letter to Janet Yellen, Secretary of the Treasury and Chair of the Committee on Foreign Investment in the United States (CFIUS) to urge the Biden administration to investigate the sale of Vista Outdoor’s Sporting Products business on national security grounds. This business, which includes hallmark American firearm and ammunition brands such as Remington, Federal, and CCI, is slated to be sold a Kremlin-linked Czech conglomerate.
The letter reads, in part:
“I write to you in your capacity as Chair of the Committee on Foreign Investment in the United States (CFIUS) to express my serious concern about the sale of Vista Outdoor’s Sporting Products business to Czechoslovak Group (CSG), a business with a long record of wrongdoing and well-documented connections to American adversaries. The transaction poses apparent risks to our national security. I urge you to initiate a full security review of the transaction and use every authority to mitigate the risks it poses.
“The transaction would make CSG one of the world’s largest manufacturers of firearms and ammo. It would transfer major American shooting brands, including Remington, Federal, CCI, Speer, Alliant Powder, Estate Cartridge, and Hevi-Shot, to the Czech conglomerate. Four American firearm and ammunition manufacturing facilities would be owned and operated by a foreign entity. While CSG has been buying up smaller gun manufacturers throughout Europe in recent years, the $1.9 billion sale would be its biggest acquisition to-date…
“We cannot afford for America’s supply of weapons to fall into the wrong hands. The CFIUS process is a critical tool to keep the American people safe from enemies who seek to exploit our domestic vulnerabilities. Until it can be proven that this transaction will not jeopardize our national security, I respectfully urge you to deny the sale of Vista Outdoor’s Sporting Products business to the Czechoslovak Group.”
Read the full letter here and below. Read more from Breitbart here.