Key Takeaways from the CFIUS Annual Report to Congress Covering Calendar Years 2016 and 2017
On November 22, 2019, the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) released its Annual Report to Congress, which includes trends and data on the number and types of transactions reported to the Committee during the 2016 and 2017 calendar years, the most recent years for which this data has been made available. CFIUS is an inter-agency committee with the statutory mandate to review certain foreign investment into the United States for national security concerns. The data and trends included in the Report provide key insights into the Committee’s review process. While the passage of the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”) has made significant changes to CFIUS’s jurisdiction and the CFIUS review process since the period covered by the report, the Committee’s report still offers important insights and trends regarding the countries and industry sectors involved in transactions notified to CFIUS.