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On November 22, 2019, the Committee on Foreign Investment in the United States (CFIUS) published the public version of its Annual Report to Congress for CY 2016 and CY 2017 (Report). CFIUS did not publish a report in 2018, which explains why this year’s report includes two calendar years. The Report provides aggregated statistical data and other information about the notices submitted to CFIUS in 2016 and 2017, in connection with national security reviews of foreign investment in the United States. Because CFIUS publishes these required annual reports more than a full year after the covered period, the current Report does not reflect recent trends, including the passage of the Foreign Investment Risk Review Modernization Act (FIRRMA) in August 2018 and the FIRRMA-authorized “Pilot Program,” which requires that certain non-passive and non-controlling foreign investments in US businesses with “critical technology” be notified to CFIUS.

Tags: CFIUS  ·   foreign investment  ·   commercial real estate  ·   FIRRMA  ·  

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