ARTICLE · 20 JULY 2017

New Details Emerge On Legislative Proposal To Modernize CFIUS Process

Pillsbury Winthrop Shaw Pittman

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As the Trump Administration continues to examine its trade relationship with China, legislators in Congress are looking to modernize the CFIUS review process in order to...

United StatesGovernment, Public Sector

Christopher Wall

Matthew R. Rabinowitz

As the Trump Administration continues to examine its trade relationship with China, legislators in Congress are looking to modernize the Committee on Foreign Investment in the United States (CFIUS) review process in order to effectively respond to increased foreign direct investment in the U.S. and perceived threats to U.S. national security. On June 22, 2017, Senator John Cornyn (R-TX) spoke at the Council on Foreign Relations where he highlighted key features of his proposed Foreign Investment Risk Review Modernization Act (FIRRMA). The bill would make certain changes to the CFIUS review process in order to close perceived gaps. As described, however, it appears that CFIUS already has the legislative and regulatory authority to address many of these issues.

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