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ARTICLE · 17 JANUARY 2019

Key Takeaways from the First Two Months of Mandatory CFIUS Declarations

Jones Day
Jones Day
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Jones Day

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The Pilot Program, recently announced by CFIUS, mandates filing declarations with CFIUS in connection with certain foreign investments in U.S. businesses that possess "critical technology."

United StatesGovernment, Public Sector
Laura Fraedrich
Laura Fraedrich
Justin Huff
Justin Huff
Chase Kaniecki
Chase Kaniecki
Diego A. Ortega
Diego A. Ortega
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The Situation: The Pilot Program, recently announced by the Committee on Foreign Investment in the United States ("CFIUS"), mandates filing declarations with CFIUS in connection with certain foreign investments in U.S. businesses that possess "critical technology."

The Development: After two months, a number of useful observations can be shared regarding CFIUS' implementation of the Pilot Program.

Looking Ahead: Additional clarity relating to certain elements of the Pilot Program is expected from CFIUS.

The Committee on Foreign Investment in the United States has now responded to companies that submitted the first mandatory declarations under the recently announced Pilot Program for foreign investments in U.S. critical technology companies, which Jones Day first reported on here.

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