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.

By a vote of 400 to 2, the House of Representatives passed a bill that would expand the powers of the Committee on Foreign Investment in the United States and reform the export control regime.

Members of the House Subcommittee on Monetary Policy and Trade considered testimony on proposed legislation to expand the jurisdiction, and update the operations, of the Committee on Foreign Investment in the United States.