Sen. Catherine Cortez Masto, D-Nev., and Sen. Dave McCormick, R-Pa., introduced a bill last week to direct the Office of the U.S. Trade Representative to prioritize convincing Canada and Mexico to institute a foreign investment review board similar to the Committee on Foreign Investment in the United States, or CFIUS.
Rep. Chris Pappas, D-N.H., introduced a bill Sept. 9 that would authorize the Committee on Foreign Investment in the U.S. to review and block foreign purchases of American real estate located near critical infrastructure, including drinking water facilities.
Christopher Pilkerton, President Donald Trump’s nominee to be the Treasury Department's assistant secretary for investment security (see 2506040013), said Sept. 4 that he would aim to increase compliance with U.S. requirements for foreign investment.
The Treasury Department is making progress in its effort to document the process that the Committee on Foreign Investment in the U.S. uses to reach consensus on enforcing mitigation agreements, the Government Accountability Office said Aug. 19.
Reps. Jared Golden, D-Maine, and Greg Steube, R-Fla., introduced legislation Aug. 15 that would allow the Committee on Foreign Investment in the U.S. to block entities connected to countries of concern from investing in new and existing facilities or businesses in the U.S.
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The Trump administration's executive order last month to unwind the years-old purchase of audiovisual technology equipment supplier Jupiter Systems by China-based Suirui Group (see 2507100058) is the latest sign that the Committee on Foreign Investment in the U.S. is digging far back to find transactions that could hurt U.S. national security, ArentFox said Aug. 7 in a client alert.
The U.S. should persuade other countries to limit Chinese investments in critical mineral industries, similar to restrictions overseen by the Committee on Foreign Investment in the U.S., the Commerce Department’s Environmental Technologies Trade Advisory Committee said in a recent letter to Secretary Howard Lutnick.
The Committee on Foreign Investment in the U.S. last year nearly doubled its site visits and opened multiple investigations on possible filing violations stemming from voluntary disclosures, CFIUS said in its annual report released this week.
Congress should ask the Trump administration several key questions as part of its oversight of the Treasury Department’s new program restricting outbound investment, two investment security experts told the House Financial Services national security subcommittee July 16.