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."
The Treasury Department finalized regulations implementing the Foreign Investment Risk Review Modernization Act of 2018.
The Treasury Department proposed regulations to implement the Foreign Investment Risk Review Modernization Act and broaden the authority of the Committee on Foreign Investment in the United States.
President Donald J. Trump signed into law the Foreign Investment Risk Review Modernization Act as part of the wide-reaching John S. McCain National Defense Authorization Act for fiscal year 2019.
Senators from the Committee on Agriculture sent a letter urging the Treasury Secretary to begin a review of a Brazil-based meat processing and distribution company's planned acquisition of a Missouri-based beef processing company.