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ARTICLE · 12 JANUARY 2018

House Subcommittee Evaluates CFIUS Operations And Authority

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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The House Financial Services Subcommittee on Monetary Policy and Trade considered expert testimony on reforming the Committee on Foreign Investment in the United States ("CFIUS").

United StatesGovernment, Public Sector

The House Financial Services Subcommittee on Monetary Policy and Trade considered expert testimony on reforming the Committee on Foreign Investment in the United States ("CFIUS").

CFIUS evaluates proposed transactions that could result in a foreign entity gaining control of a U.S. business. Based on its evaluations, CFIUS is able to recommend that the President reject a transaction or take other mitigating action.

In addition to calling for the allocation of additional resources for CFIUS, panelists made several recommendations to improve operational effectiveness and efficiency.

  • Rod Hunter, former Special Assistant to the President and Senior Director of the National Security Council, called for increased collaboration with foreign governments and warned against expanding CFIUS jurisdiction to include technology controls, arguing that doing so could encourage investment in high-tech research and development to move offshore.

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