The new Committee on Foreign Investment in the U.S. (CFIUS) regulations implementing the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) are effective today. These regulations provide CFIUS with the legal authority needed to more effectively screen foreign investment in the United States. The new rules are the culmination of a lengthy legislative process aimed at reforming CFIUS procedures and expanding the committee’s jurisdiction. That process began in 2017, with the introduction of the first draft iteration of FIRRMA, directly following a record year in Chinese mergers and acquisitions in the U.S. in 2016. Much has changed since then. ...
