On August 1, 2018, the U.S. Senate passed the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”) as part of the 2019 National Defense Authorization Act, following the U.S. House of Representatives’ affirmative vote of the same bill in the previous week.
Continue Reading U.S. Senate and House Pass Bill to Enhance CFIUS’s Power
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U.S. Senate Passes Bill to Enhance CFIUS’s Power
By King & Wood Mallesons on
Posted in Banking & Finance, crossing borders
On June 18, 2018, in conjunction with the passage of the National Defense Authorization Act for Fiscal Year 2019, the United States Senate passed a new bill (the Foreign Investment Risk Review Modernization Act of 2018, or “FIRRMA”) that aims to enhance the powers of the Committee on Foreign Investment in the United States (“CFIUS”). …
Continue Reading U.S. Senate Passes Bill to Enhance CFIUS’s Power