Congress Enacts CFIUS Reform Bill to Expand Jurisdiction and Modernize the Review Process to Respond to Evolving National Security Threats
Last week, Congress passed and President Trump will soon sign into law major reform legislation that expands the reach of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), increases the burden and cost on many parties subject to CFIUS review, and gives CFIUS enhanced powers to keep up with a changing national security threat landscape. That said, many of the changes effected by the reform bill codify existing practices of the Committee.