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Expert Analysis

CFIUS 2.0 Roundup: The Pilot Program, The Shoulder Shrug

By Stephen Heifetz and Joshua Gruenspecht (March 29, 2019, 4:20 PM EDT) -- The Foreign Investment Risk Review Modernization Act, or FIRRMA, enacted in August 2018, ushered in a new era for the Committee on Foreign Investment in the United States. CFIUS, a committee chaired by the U.S. Treasury Department and including many other U.S. government agencies, has long conducted national security reviews of foreign investments in U.S. companies. But its regulatory reach previously was very limited....

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