I hope you know that Bush wasn't even told about this.
The panel has to reject it for bush to get involved.
Bush has no role under the law in this.
This from "Financial Times".
The Bush administration will also call on State and Defence department officials to persuade legislators that the US has a “long-standing” and “good” relationship with the United Arab Emirates.
Condoleezza Rice, secretary of state, who will be meeting Gulf foreign ministers this week in Abu Dhabi, said on Friday that Abu Dhabi was “a very good friend” to the US and that the deal needed “better explanation”.
The panel has to reject it for bush to get involved.
Bush has no role under the law in this.
None of the above is true.
US Treasury-Committee on Foreign Investments in the United States (CFIUS)
The intent of Exon-Florio is not to discourage FDI generally, but to provide a mechanism to review and, if the President finds necessary, to restrict FDI that threatens the national security.
Snip
This order also provides for CFIUS to submit a report and recommendation to the President at the conclusion of an investigation.
snip
The President retains full authority to protect the national security with respect to any acquisition covered by this statute, regardless of whether the parties file a notification.