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ARTICLE · 30 SEPTEMBER 2022

CFIUS Reports Record Year In 2021, Including An Increased Focus On China

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In August, the Committee on Foreign Investment in the United States ("CFIUS") released its annual report for the 2021 calendar year. The report summarizes the number...

GlobalInternational Law
Jing Zhang
Jing Zhang
Jennifer Parry
Jennifer Parry
Timothy Keeler
Timothy Keeler
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Mickey Leibner
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In August, the Committee on Foreign Investment in the United States ("CFIUS") released its annual report for the 2021 calendar year. The report summarizes the number of filings submitted to CFIUS and investigations conducted by the Committee in the relevant calendar year, filtered through various criteria, including countries and industries involved.

Overall Statistics

Overall, 2021 was a record year for CFIUS, with statistical increases in the filings reviewed by the Committee. This increase is unsurprising, as it was the first full year since the implementation of the Foreign Investment Risk Review Modernization Act of 2018 ("FIRRMA"), which expanded CFIUS's jurisdiction and allowed for the submission of short-form Declarations, entered into force. In 2021, CFIUS reviewed 272 Notices for covered transactions, or the traditional written filing presented to CFIUS, a 15 percent increase from the previous record high for any prior year.1 CFIUS also identified

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