Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
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.
President Donald Trump is ordering the reversal of a years-old purchase of audio visual technology equipment supplier Jupiter Systems by China-based Suirui Group, saying in a Federal Register notice released July 10 that the deal threatens U.S. national security. Suirui, which describes itself as a supplier of communication cloud products and services, must divest from Jupiter within 120 days, unless the company is granted an extension by the Committee on Foreign Investment in the U.S.
The Trump administration plans to take several steps to address foreign ownership of American farmland, including pursuing congressional and state legislation and executive action to ban purchases by China and other foreign “adversaries,” USDA announced July 8.
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Recent Japanese regulatory reforms and increased enforcement could signal a more "assertive stance” around foreign investment screening, Freshfields said in a client alert last week. The trend in Japan appears to mirror developments with the Committee on Foreign Investment in the U.S., which “has become increasingly assertive in reviewing foreign direct investment.”
The House approved bills late June 23 dealing with anti-piracy sanctions and foreign investment in U.S. farmland.