ARTICLE · 20 DECEMBER 2023

House Select Committee On The CCP Releases Report Proposing Changes To CFIUS

Wiley Rein

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On December 12, 2023, the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.

United StatesGovernment, Public Sector

Daniel P. Brooks

Hon. Nazak Nikakhtar

Paul A. Devamithran

On December 12, 2023, the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (the "Committee"), led by Chairman Mike Gallagher (WI), issued a wide-ranging report with numerous recommendations for addressing ongoing challenges in the U.S. economic relationship with the People's Republic of China (PRC). Regarding foreign investment, the Committee deemed the regulatory approach of the Committee on Foreign Investment in the United States (CFIUS) insufficient to address the PRC's Military-Civil Fusion and proposed several specific updates.

The report, entitled Reset, Prevent, Build: A Strategy to Win America's Economic Competition with the Chinese Communist Party, reiterates legislative proposals included in a number of bills currently pending in Congress, which seek to broaden CFIUS's powers and jurisdiction, including those related to U.S. agriculture and real estate sectors. The Committee specifically

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