President Joseph R. Biden signed an Executive Order providing guidance to the Committee on Foreign Investment in the United States on maintaining a robust foreign investment review process to identify and address potential national security risks.
News & Insights
13 News Results
At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
President Trump issued an Executive Order directing ByteDance Ltd., the Chinese-owned parent company of social networking application TikTok, to divest its U.S. assets within 90 days.
The Treasury Department issued an interim final rule that "establishes a fee for parties filing a formal written notice of a transaction for review by the Committee on Foreign Investment in the United States.”
CFIUS proposed a filing fee for parties submitting for review voluntary notices of transactions. Comments on the proposal must be submitted by April 8, 2020.