Recent reforms to the operations of the Committee on Foreign Investment in the United States (CFIUS) removed some of the controversial elements of earlier proposed versions, but strengthened and expanded the scope of CFIUS authority to review foreign transactions and tightens the export controls process. President Donald Trump signed the Foreign Investment Risk Review Modernization Act (FIRRMA) into law August 13 after Congress passed it August 1 as part of the National Defense Authorization Act (NDAA).

President Donald Trump has decided against using much-anticipated new measures to restrict Chinese access to US technology and instead will use existing tools, according to a White House announcement this morning.