Hearing: The Implications of Sovereign Wealth Fund Investments for National Security

February 7, 2008

Room 562, Dirksen Senate Office Building
First Street and Constitution Avenue, NE
Washington, DC 20510

Hearing co-Chairs:  Chairman Larry Wortzel and Commissioner Patrick Mulloy



  • Opening Statement of Chairman Larry Wortzel [Remarks]
  • Opening Statement of Commissioner Patrick Mulloy [Remarks]

Panel I: Congressional Perspectives 

  • Senator Evan Bayh (D-Indiana)
  • Senator Sherrod Brown (D-Ohio)
  • Congresswoman Marcy Kaptur (D-Ohio) [Testimony]
  • Senator James Webb (D-Virginia) [Testimony]

Panel II:  Government Perspectives

  • Dr. Robert Dohner, Deputy Assistant Secretary for Asia, the Department of the Treasury, Washington, DC [Testimony]
  • Ms. Linda Chatman Thomsen, Director of the Division of Enforcement, Securities and Exchange Commission, Washington, DC [Testimony]

Panel III: Overview

  • Dr. Brad Setser, Fellow for Geoeconomics, Council on Foreign Relations, New York, NY [Testimony]
  • Dr. Peter Navarro, Business Professor, The Paul Merage School of Business, University of California, Irvine, CA [Testimony]
  • Dr. Michael Martin, Analyst in Asian Trade and Finance, Foreign Affairs, Defense and Trade Division, Congressional Research Service, Washington, DC [Testimony]

Panel IV:  Impact on Financial Services Industry

  • Dr. Charles Dallara, Managing Director, The Institute of International Finance, Washington, DC
  • Dr. Peter Morici, Professor of International Business, University of Maryland, College Park, MD [Testimony]
  • Ms. Karen Shaw Petrou, Managing Partner, Federal Financial Analytics, Inc., Washington, DC [Testimony]   

Panel V:  Impact on National Security

  • Ms. Daniella Markheim, Senior Analyst in Trade Policy, The Heritage Foundation, Washington, DC [Testimony]
  • Mr. Alan Tonelson, Research Fellow, U.S. Business and Industry Foundation, Washington, DC [Testimony]