Washington, D.C. – U.S. Senator Charles E. Schumer (D-NY), convened the Joint Economic Committee (JEC) to examine increased investment by foreign-government controlled funds, known as sovereign wealth funds. The hearing entitled, “Do Sovereign Wealth Funds Make the U.S. Economy Stronger or Pose National Security Risks?” was held Wednesday, February 13, 2008 at 2:00pm in Room 106 of the Dirksen Senate Office Building. A top Treasury Department official and experts on sovereign wealth investments offered their views on the benefits and risks associated with investment in the United States by these funds. Schumer also asked witnesses for their best recommendations to ensure U.S. economic and national security.