Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Sen. Kevin Cramer, R-N.D., introduced a bill Feb. 8 that would require the Committee on Foreign Investment in the U.S. to respond to a state governor who asks whether a proposed transaction would trigger a CFIUS review.
The Treasury Department is likely to release its draft outbound investment regulations in the next several months, setting them up to potentially take effect before year's end, said foreign investment lawyer Jonathan Gafni of Linklaters.
U.S. commercial space company Momentus has completed the requirements of a 2021 national security agreement with the Committee on Foreign Investment in the U.S., the company announced last week.
Japan, which suffered economic coercion from China earlier than any other country, is largely on the same page as the U.S. when it comes to supply chain resilience and restrictions on exports, but the two diverge in their attitudes about China's role in the global economy.
Sen. J.D. Vance, R-Ohio, urged the Committee on Foreign Investment in the U.S. to investigate the proposed sale of Vista Outdoor’s Sporting Products business to Czechoslovak Group (CSG), saying the transaction could endanger national security by transferring an American manufacturer of firearms ammunition to a “Kremlin-linked” foreign company.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Andrew Astuno, a former Treasury Department official who worked on the Committee on Foreign Investment in the U.S., has joined Clifford Chance as a CFIUS lawyer, he announced this week on LinkedIn. Astuno was a policy adviser with Treasury’s Office of Investment Security before leaving in early 2022 to join Stroock & Stroock.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
A congressional proposal to allow the Committee on Foreign Investment in the U.S. to reopen or alter previously mitigated transactions when national security risks have increased would discourage foreign investment in the United States, an expert at the Center for a New American Security said in written comments posted Jan. 4.