Washington Update

July 30th, 2018
By Angela Deng

CFIUS reform bill passed by the House

Changes to US reviews of foreign investment in the United States moved forward this week with the House of Representatives’ passage of the National Defense Authorization Act (NDAA). The bill includes a revised version of the Foreign Investment Risk Review Modernization Act (FIRRMA) that expands the scope of the Committee on Foreign Investment in the United States (CFIUS) authority to review foreign transactions, and strengthens US export...

July 20th, 2018
By Angela Deng

Congress likely to vote on CFIUS reform bill next week

Differences between the House and Senate versions of Foreign Investment Risk Review Modernization Act (FIRRMA) have been resolved during negotiations on the National Defense Authorization Act (NDAA) this week, with a total of 20 changes to the bill. The changes expand the scope of CFIUS authority to review foreign entities’ minority investments in US companies, real estate transactions near US government facilities, and other...