The Treasury Department’s existing outbound investment rule will remain in effect until the agency issues new regulations to implement a newly enacted law on the matter, Treasury said in an updated FAQ Dec. 23.

USDA is seeking public comments on ways it can improve its reporting and filing requirements under the Agricultural Foreign Investment Disclosure Act, which it said could help the Committee on Foreign Investment in the U.S. better screen investments in land that may pose national security risks.

Although the U.S. has had “limited success” in coordinating foreign investment screening with the EU, partly due to a lack of consensus among the bloc’s member states, recent developments suggest that the U.S. should try again, the Atlantic Council said in a new report on China policy.

A partial U.S. government shutdown Oct. 1 likely would slow but not stop the work of the Committee on Foreign Investment in the U.S., Freshfields said in a client alert Sept. 30.

Sen. Catherine Cortez Masto, D-Nev., and Sen. Dave McCormick, R-Pa., introduced a bill last week to direct the Office of the U.S. Trade Representative to prioritize convincing Canada and Mexico to institute a foreign investment review board similar to the Committee on Foreign Investment in the United States, or CFIUS.

Companies should expect “increased scrutiny, broader sector coverage, and potentially longer review timelines” for investments in Europe due to new and changing foreign direct investment screening regulations, Morgan Lewis said last week in a client alert.

The EU and the Czech Republic should reject India-based Aurobindo Pharma’s proposed $5.5 billion acquisition of Prague-based Zentiva, the Coalition for a Prosperous America said Aug. 20, arguing that the deal would threaten European pharmaceutical security because of Aurobindo’s connection to China.

The Treasury Department is making progress in its effort to document the process that the Committee on Foreign Investment in the U.S. uses to reach consensus on enforcing mitigation agreements, the Government Accountability Office said Aug. 19.

The Trump administration's executive order last month to unwind the years-old purchase of audiovisual technology equipment supplier Jupiter Systems by China-based Suirui Group (see 2507100058) is the latest sign that the Committee on Foreign Investment in the U.S. is digging far back to find transactions that could hurt U.S. national security, ArentFox said Aug. 7 in a client alert.

The U.S. should persuade other countries to limit Chinese investments in critical mineral industries, similar to restrictions overseen by the Committee on Foreign Investment in the U.S., the Commerce Department’s Environmental Technologies Trade Advisory Committee said in a recent letter to Secretary Howard Lutnick.