Foreign Investment Reviews: What CFIUS’ Expanded Powers Mean for You
Webinar: 1 CCS Credit
The Committee on Foreign Investment in the U.S. is a federal interagency committee that can review, block, and even reverse transactions involving foreign investment in U.S. companies or operations that may jeopardize U.S. national security. The powers of CFIUS were greatly expanded by the 2018 Foreign Investment Risk Review Modernization Act, which, among other things, expanded the Committee’s jurisdiction to include “emerging and foundational technologies” pursuant to the Export Control Reform Act of 2018, added new national security factors for the Committee to consider when making its determinations, and strengthened the Government’s ability to protect critical infrastructure from foreign government disruption. This webinar will examine these changes and how they may impact those involved in international trade and commerce.
- overview of CFIUS process and who should be concerned about it
- expanded powers of CFIUS under FIRRMA
- transactions subject to CFIUS review
- CFIUS’ new Critical Technology Pilot Program
- countries affected and unaffected by CFIUS and these recent developments
JOSHUA L. RODMAN is a Senior Associate with Sandler, Travis & Rosenberg, P.A., resident in the Washington, D.C., office, and a member of its International Trade, Import and Export Controls and Sanctions Practices. Mr. Rodman advises and counsels clients on a wide range of import, export and regulatory issues, including tariff classification; duty drawback; first sale; foreign trade zones; ITAR and EAR classification and compliance; commodity jurisdiction and commodity classification requests; export license applications; the cross-border transfer of software, hardware, and technical data; export control program reviews, audits and voluntary self-disclosures; export control and deemed export training for employees; country of origin determinations and “Made in USA” claims; OFAC regulations and sanctions and embargo compliance; Foreign Corrupt Practices Act (FCPA) compliance; the Committee on Foreign Investment in the United States (CFIUS); National Industrial Security Program Operating Manual (NISPOM) compliance, personnel and facility security clearances, Defense Security Service and national security; and regulatory due diligence and administrative notifications related to mergers, acquisitions and other corporate transactions.