Today, President Trump will sign the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). This bill expands the purview of CFIUS, which will now have jurisdiction over real estate transactions near sensitive government locations and ports, and noncontrolling investments in U.S. businesses associated with critical technology, infrastructure and/or sensitive personal data. Our trade team has outlined this legislation and its impact to various investors and transactions.
The CFIUS Reform Legislation to Become Law
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