Law360

The most recent annual report from the Committee on Foreign Investment in the United States to Congress covers the 229 notices and 21 declarations that were filed for CFIUS' review in the 2018 calendar year.

Authors: Michael J. Lowell Sarah S. Wronsky Paula A. Salamoun Courtney Fisher

The report also provides initial insight on the effects of the Foreign Investment Risk Review Modernization Act of 2018 and recent regulatory changes, while confirming the continuation of other trends in CFIUS practice.

CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the U.S. and the effect of those transactions on U.S. national security.

The committee is required under Section 721(m) of the Defense Production Act of 1950, as amended by FIRRMA, to provide an annual report to Congress containing, among other things, specific, cumulative and trend information related to transaction filings.

In addition to the recent release of its 2018 annual report, CFIUS also separately released a summary of data for covered transactions for the years 2015 through 2019, providing the first glimpse into statistics surrounding CFIUS filings for the 2019 calendar year.

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This article was originally published by Law360.