Liz,

The reason I mentioned federal law is that the approval panel is set up by public law, and has been reviewing these transactions since 1988. It is under the treasury department, however it is not a creation of an executive order.

Frankly, I wouldn't agree with any overseas entity running US ports, whether it be Great Britain or the UAE. There is just too much vulnerability when security procedures are openly available to a foreign entity, such as what gets searched, why the containers are being searched, etc.. It's an open fact that only around 5% of containers are searched, but we don't need to broacast how that 5% is selected, and port managers would be privy to that information.