FIRRMA Takes Form as CFIUS Enacts a New Pilot Program Targeting “Critical Technologies”

On October 10, 2018, the Committee on Foreign Investment in the United States put into effect the first mandatory filing requirement ever imposed by CFIUS. The Department of Treasury’s summary of the Pilot Program is available here. Effective November 10, 2018, CFIUS will require reviews of critical technology investments – including certain non-controlling investments – … Continue Reading

Life in the Fast Lane: CFIUS-Free Investments, if You’re From the Right Country

By Reid Whitten on August 14, 2018 Posted in International Trade, Investment

All this past week, you have been hearing about FIRRMA, the new legislation that will increase the powers of the Committee on Foreign Investment in the United States that is expected to be signed into law in the coming weeks. As we predicted here and here on our Global Trade Law Blog, FIRRMA will authorize … Continue Reading

Reform of Foreign Investment in the U.S.: France and Other Allied Countries Might be Exempt

By Robert Magielnicki, Reid Whitten and Malika Levarlet on July 13, 2018 Posted in International Trade, Investment

The U.S. House of Representatives passed a bill on Tuesday, July 10, expanding and increasing the powers of the Committee on Foreign Investment in the United States (CFIUS). The bill is called the Foreign Investment Risk Review Modernization Act (FIRRMA). The 400-2 passage in the House shows an overwhelming bipartisan momentum behind FIRRMA and signals that … Continue Reading