Suggested reforms to the Committee on Foreign Investment in
the United States (Cfius) have gained bipartisan support, an
increasingly rare feat, but critics have suggested that the
proposed bills have introduced new problems, could be far more
comprehensive and have done little to allay fears that inbound M&A, as well as the
US’ reputation as an attractive destination for
foreign investment, will be negatively affected.
Groups within the Senate and the House of Representatives
introduced coordinated bills that look to modernise and
strengthen Cfius last Wednesday, under the auspices of
maintaining national security as technology continues to
advance at a thundering pace.
"It is a delicate balance between the need for foreign capital
and the positive aspects of foreign investment, and ensuring
that we maintain our technological leadership," said Ivan
Schlager, partner at Skadden Arps Slate Meagher & Flom.
"There are some technologies that have had...