Cfius reform bill ‘not comprehensive enough’

Author: John Crabb | Published: 14 Nov 2017

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...