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ARTICLE · 19 SEPTEMBER 2018

CFIUS Reform: Key Takeaways For Investors

Reed Smith
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The Foreign Investment Risk Review and Modernization Act of 2018 (FIRRMA) became law on August 13, 2018.

United StatesGovernment, Public Sector
Michael Lowell
Michael Lowell
Paula Salamoun
Paula Salamoun
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The Foreign Investment Risk Review and Modernization Act of 2018 (FIRRMA) became law on August 13, 2018. We previously provided background and discussed the driving motivations behind FIRRMA here, namely concern that existing foreign investment laws and regulations are too antiquated to address new national security concerns arising from foreign purchases of critical technologies and alternative investment strategies. Congress passed FIRRMA with an aim to revamp the process and authorities granted to the Committee on Foreign Investment in the United States (CFIUS), the U.S. government entity charged with reviewing transactions that may result in a foreign entity controlling a U.S. business. We have summarized FIRRMA's key takeaways below. 

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