A Potential New Hurdle For Foreign Investments

Law360, New York (November 27, 2017, 3:38 PM EST) -- Congress has expressed renewed interest in a number of cross-border investments attempted and/or completed over the last few years, often focusing on proposed Chinese investments and acquisitions. This interest has generated congressional hearings as well as proposed legislation. On Oct. 18, U.S. Sens. Sherrod Brown, D-Ohio, and Chuck Grassley, R-Iowa, introduced the United States Foreign Investment Review Act of 2017 (S. 1983) to establish a new process for reviews of proposed foreign investments in the United States.

The bill proposes that the Commerce Department undertake a...
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