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ARTICLE · 08 AUGUST 2018

Pending CFIUS Reform Expands U.S. Foreign Investment Review

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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Recently, the United States House of Representatives passed legislation, which, if also passed by the Senate and signed into law by the president, will significantly expand the jurisdiction...

CanadaGovernment, Public Sector
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Recently, the United States House of Representatives passed legislation, which, if also passed by the Senate and signed into law by the president, will significantly expand the jurisdiction to review foreign investments on national security grounds.

KEY TAKEAWAYS FOR CANADIAN COMPANIES:

  • Canadian companies looking to make investments in the U.S. could face a longer review period and a substantial filing fee in connection with a national security review.
  • The amendments will expand the scope of the transactions covered to include real estate investments.
  • U.S. security agencies will have greater authority to consult with domestic and foreign governments to assess national security concerns.

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