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ARTICLE · 08 AUGUST 2024

Insights From The 2023 CFIUS Annual Report

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On July 23, 2024, the Committee on Foreign Investment in the United States (CFIUS) released its Annual Report to Congress for 2023. CFIUS is the inter-agency...

GlobalGovernment, Public Sector
Quentin Johnson
Quentin Johnson
Brian J. Fleming
Brian J. Fleming
Evan T. Abrams
Evan T. Abrams

On July 23, 2024, the Committee on Foreign Investment in the United States (CFIUS) released its Annual Report to Congress for 2023. CFIUS is the inter-agency body that conducts national security reviews of certain foreign investments in the United States. The annual report provides aggregate data on CFIUS activities and provides valuable insight into the Committee's activities and key trends.

Key Takeaways

  • For the first time in several years, the Committee received fewer notices and declarations of covered transactions or covered real estate transactions than in the previous year. CFIUS received 23 percent fewer notices or declarations in 2023 compared to 2022 (we previously covered the 2022 annual report here). Although a decrease in global merger and acquisition activity in 2023 could be to blame, this downturn is worth noting.

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