ANALYSIS: Proposed CFIUS Reform Regulations: A First Look

Yesterday’s foreign investment proposals from the committee on Foreign Investment in the U.S. (CFIUS) provide some insight into areas of government concern. They suggest that the U.S. Government has set its sights on reviewing more real estate transactions and taking a more tailored approach to data-centric businesses, while considering country-specific exemptions for the first time. Because of the broad reach of this initial (and as yet incomplete) package of proposals, we may see significant stakeholder comments before these regulations are finalized.

The much-anticipated proposed regulations will implement FIRRMA, the Foreign Investment Risk Review Modernization Act of 2018, last fall’s ...