Mexico Proposes New National Security Screening Regime For Foreign Investment

On August 28, 2026, President Sheinbaum submitted a bill (the “Bill”) proposing an amendment to the Foreign Investment Act (the “FIA”) to introduce a dedicated national-security screening regime. The proposal would update the current general authority of the National Foreign Investment Commission (“CNIE”) to block foreign acquisitions on national-security grounds. The stated objective is to identify and mitigate risks arising from foreign investment while providing transparency and predictability to investors.

Membership of the CNIE Board

Currently, members of the Board of CNIE are primarily representatives from ministries that are tasked with economic development and facilitation and retention of investment. The Bill proposes that representatives from the ministries of Defense, the Navy, and Security and Citizen Protection are added as permanent members of the Board of CNIE. In addition, the Bill proposes that in any meetings of the Board of CNIE convened to discuss national