Head-to-head: Is enhanced Cfius policy causing the US economy more harm than good?

Author: | Published: 8 Jul 2019

Q: Is the enhanced Cfius policy regime causing the US economy more harm than good?

Dr Harry Broadman, partner and chair of the emerging markets practice at Berkeley Research Group, Washington DC

The enactment of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) and the subsequent administrative regulations implemented to date, have redefined both the role and the procedures of the Committee on Foreign Investment in the United States (Cfius) as the entity devising and executing national security regulation of foreign direct investment (FDI) into the US. Compared to the period when I served on Cfius – in the early 1990s – when Cfius was hardly the household name it is today, certain criteria and 'rules of the game' have become far more transparent and regularised.

That, in my view, is all to the good. But, ultimately, it will depend on who is in the driver's seat.

As was always...