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Business Coalition Presses Treasury Not to Rush New Rules

WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement coinciding with the release of a letter signed by more than 75 business associations to congressional leaders expressing concern over Treasury’s new regulations on interest deductibility:

Association Letter to Treasury on 385 Regulations

“Treasury’s actions have far-reaching consequences for the U.S. economy, including for the six million Americans who earn a living from foreign direct investment,” said Nancy McLernon, president and CEO of the Organization for International Investment. “These new rules stretch beyond their stated purpose and undermine the Administration’s goal of attracting more global investment into the United States.

President Obama, SelectUSA Make Forceful Case for Foreign Direct Investment

WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in support of the Administration’s efforts to promote foreign direct investment (FDI) in the United States while attending the largest industrial trade show in the world

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