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ARTICLE · 13 AUGUST 2026

CFIUS 2025 Annual Report

A&O Shearman
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The Committee on Foreign Investment in the United States (CFIUS) published its 2025 Annual Report revealing significant trends in foreign investment reviews, including increased transaction volumes...

United StatesGovernment, Public Sector
Catherine Hein
Catherine Hein
Ken Rivlin
Ken Rivlin
Jake Ely
Jake Ely
Sarah Umstadt
Sarah Umstadt
Emma Schaechter-Santander
Emma Schaechter-Santander
Brendan Holman
Brendan Holman
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On August 7, 2026, the Committee on Foreign Investment in the United States (CFIUS) published its Annual Report to Congress covering transactions completed in calendar year 2025 (the 2025 Report). The 2025 Report confirms that CFIUS remains highly active and that well-prepared filings remain critical to getting through the review as efficiently as possible. 

Assessing whether the mandatory CFIUS filing requirement applies and potential for an inquiry early in the deal process is essential, particularly for transactions involving critical technologies, U.S. government contracts, and countries of concern for the U.S. government. 

Key statistics include the following:

  • Total covered transactions reviewed or assessed rose to 347, up from 325 in 2024.

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