A bipartisan bill was introduced in the House to ask the U.S. trade representative to push Mexico and Canada to establish an investment screening regime and coordinate on "shared threats from investments in strategically important economic sectors and critical infrastructure in North America."
The Committee on Foreign Investment in the U.S. is reviewing a Chinese company’s "deeply concerning" investment in Minnesota-based startup FastWave Medical, which is developing a new high-tech treatment for serious heart disease, Rep. Kat Cammack, R-Fla., disclosed Dec. 1.
The Senate Appropriations Committee unveiled an FY 2026 financial services and general government appropriations bill Nov. 24 that would fully fund the Trump administration’s request for the Committee on Foreign Investment in the U.S. and the Treasury Department’s Office of Terrorism and Financial Intelligence.
The Treasury Department received mixed feedback about its decision to delay new regulations that were set to make investment advisers subject to anti-money-laundering (AML) and countering the financing of terrorism (CFT) requirements, a Biden-era effort that was meant to prevent criminals from hiding money in the U.S. and sanctioned companies from accessing sensitive technology through investments in American firms (see 2509230035 and 2507240021).
Twelve Senate Democrats urged President Donald Trump Oct. 29 not to ease U.S. restrictions on inbound or outbound investment as part of a potential trade deal with China this week.
House Select Committee on China ranking member Raja Krishnamoorthi, D-Ill., said Oct. 29 that Congress might need to pass legislation to enhance the ability of the Committee on Foreign Investment in the U.S. to screen transactions for national security risks.
Sen. Rick Scott, R-Fla., urged the Treasury Department Oct. 15 to use the Committee on Foreign Investment in the U.S. to review reports that China-based investors are buying Southern California land ravaged by January wildfires.
A partial U.S. government shutdown Oct. 1 likely would slow but not stop the work of the Committee on Foreign Investment in the U.S., Freshfields said in a client alert Sept. 30.
The Senate Banking Committee voted 13-11 along party lines Sept. 30 to approve the nomination of Christopher Pilkerton to be the Treasury Department's assistant secretary for investment security. The committee also voted 15-9 to support Jonathan Burke to be Treasury’s assistant secretary for terrorist financing. Sens. Mark Warner, D-Va., and Raphael Warnock, D-Ga., joined the panel’s Republicans in backing Burke. Both nominations now head to the full Senate for its consideration.
U.S. export controls on chips are working and should be maintained, not swapped in a trade deal as part of a “grand bargain” between the Trump administration and Beijing (see 2507150013 and 2508010002), said Rush Doshi, former National Security Council official during the Biden administration.