Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Recent Japanese regulatory reforms and increased enforcement could signal a more "assertive stance” around foreign investment screening, Freshfields said in a client alert last week. The trend in Japan appears to mirror developments with the Committee on Foreign Investment in the U.S., which “has become increasingly assertive in reviewing foreign direct investment.”
The House approved bills late June 23 dealing with anti-piracy sanctions and foreign investment in U.S. farmland.
Senate Banking Committee Chairman Tim Scott, R-S.C., announced June 18 that he is reintroducing a bill that would require the Committee on Foreign Investment in the U.S. to annually update its list of sensitive military, intelligence and national laboratory facilities. The Protect Our Bases Act is intended to ensure CFIUS reviews foreign land purchases near sensitive sites. The legislation, which Scott previously introduced in the last Congress, has 11 co-sponsors, all Republican.
President Donald Trump has nominated acting Treasury Department general counsel Chris Pilkerton to be assistant treasury secretary for investment security, overseeing the Committee on Foreign Investment in the U.S., the White House told the Senate on June 2.
Although the Trump administration is calling the recently announced deal between Japan-based Nippon Steel and U.S. Steel (see 2505290058) a "partnership," it’s still a traditional acquisition that includes a national security agreement with the Committee on Foreign Investment in the U.S., panelists said this week.
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
DOJ should investigate Chinese autonomous-trucking company TuSimple for violating U.S. export controls, Sen. Josh Hawley, R-Mo., said May 30.
An upcoming fast-track process for certain deals filed with the Committee on Foreign Investment in the U.S. could apply to a broad range of American allies and transactions, although key questions remain about what foreign investors will need to do to qualify, law firms said this month.
Cooley this month published data about its experience advising on non-notified deals before the Committee on Foreign Investment in the U.S. between 2020 and 2024, outlining which investor nationalities, industry sectors and transaction sizes most often received CFIUS scrutiny.