Will Congress try to stop Dubai from Aquiring 20 percent of the NASDAQ

When Dubai Ports World try to aquire ports in the United States, both Democratic and Republican members of Congress expressed concern over the potential negative impact the deal would have on port security. They cited the 9/11 Commission report, which stated that two of the 9/11 hijackers were United Arab Emirates nationals, and reports that the UAE was a major financial base for the al Qaeda terror network.

According to Reuters, NASDAQ and Borse Dubai agreed to buy stakes in one another in a deal to create a group of exchanges with unprecedented reach, linking the United States, Europe, the Middle East and Asia.

Borse Dubai a holding company which was formed in August to promote two exchanges in Dubai will become the single largest shareholder of the NASDAQ with a 20 percent stake.

U.S. Sen. Christopher Dodd, who heads the Senate Banking Committee, said the deal requires a "careful review" to ensure there are no national security implications. Nasdaq Chief Executive Bob Greifeld in a conference call stated that Borse Dubai voting rights in the NASDAQ will be severely restricted to 5 percent.