The subpoena calls for the release of documents related to PIF's framework agreement with the PGA Tour and other investments throughout the United States, the U.S. Senate said in a news release.
"The Saudi's Public Investment Fund cannot have it both ways - if it wants to engage with the United States commercially, it must be subject to United States law and oversight," Senator Richard Blumenthal, chair of the PSI, said.According to the news release, a review of PIF's public filings show its public U.S. holdings have increased to more than $35 billion compared with approximately $2.5 billion in 2018.
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