David Sirota: REPORT: Oman Trade Pact Permits Foreign Ownership of U.S. Nat’l Security Assets

In an explosive report tonight, top House Democrats discovered provisions in the controversial Oman Free Trade Agreement that would permit foreign ownership of U.S. ports and other key national security assets. Three Democrats and one Republican held an emergency press conference today to expose the provisions just before the House is scheduled to vote on the Oman pact on Thursday. As Reuters reports, "Rep. John Murtha, a Pennsylvania Democrat who serves on the House Defense Appropriations subcommittee, said the pact would allow companies such as Dubai Ports World to acquire U.S. port operations by establishing a shell company in Oman." Those provisions might also allow foreign ownership of other key national security assets, considering just after the recent Dubai Ports controversy, that country went ahead with plans to purchase a major U.S. defense contractor.