CFIUS

The Committee on Foreign Investment in the United States (CFIUS) reform legislation, known as the Foreign Investment Risk Review Modernization Act (FIRRMA), attached to the 2019 National Defense Authorization Act, passed both the House and Senate as of August 1 and is now awaiting the President’s signature. The new law casts a wider net over what type of transactions and investments will be subject to potential CFIUS review. Thus, dealmakers should carefully review the requirements and document their decisions if the parties decide not to file for CFIUS approval. Read on for an overview of key changes to the CFIUS legislation. (more…)