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ARTICLE · 08 FEBRUARY 2019

Overview Of CFIUS, FIRRMA And The Pilot Program

Holland & Knight
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The Committee on Foreign Investment in the United States (CFIUS) was granted authority to review foreign investment in existing U.S. businesses under the Defense Production Act of 1950.

United StatesGovernment, Public Sector
Ronald Oleynik
Ronald Oleynik
Antonia Tzinova
Antonia Tzinova
Andrew McAllister
Andrew McAllister
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Ronald A Oleynik is a Partner in Holland & Knight's Washington D.C. office

Antonia I Tzinova is a Partner in Holland & Knight's Washington D.C. office

Seth M.M. Stodder is a Partner in Holland & Knight's Los Angeles office

Andrew K McAllister is an Associate in Holland & Knight's Washington D.C. office

What Is CFIUS?

The Committee on Foreign Investment in the United States (CFIUS) was granted authority to review foreign investment in existing U.S. businesses under the Defense Production Act of 1950. CFIUS is an interagency committee chaired by the U.S. Department of the Treasury and comprised of representatives from 16 U.S. departments and agencies, including the U.S. Departments of Defense, State, Commerce and Homeland Security, among others. Before the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), CFIUS jurisdiction extended to any transaction that would result in foreign control over a U.S. business that impairs U.S.

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