CFIUS Annual Report for 2018 and Statistics for 2019: Signs of a more efficient process under FIRRMA
CFIUS’s just-released 2018 annual report and preliminary 2019 statistics show that CFIUS is able to move more quickly after recent changes to its governing law and regulations, but more transparency would aid companies and advisors, as well as increase predictability and the credibility of the process.
The Committee on Foreign Investment in the United States (CFIUS) has issued its annual report for calendar year 2018 as well as preliminary statistics for 2019. These releases provide some of the first looks at how CFIUS is functioning since the enactment of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) and interim regulations that took effect in November of that year.
Key takeaways from these reports include the following:
Please see Linklaters’ Navigating CFIUS webpage for more information on CFIUS, FIRRMA, and their implications for prospective cross-border investments.