H.R. 5841 Foreign Investment Risk Review
I’m strongly in support of and recommend passage often bill H.R. 5841 - Foreign Investment Risk Review Modernization Act of 2018 (AKA FIRRMA ) Which would change how the Committee on Foreign Investment in the United States (CFIUS) operates to strengthen the government’s ability to protect national security and enhance confidence in the United States’ longstanding open investment policy. It would do this by expanding the scope of transactions reviewable by CFIUS to more effectively address national security concerns that fall outside the current scope of CFIUS review.
Most notably, the committee would be required to look at entire industries or sectors, rather than individual proposed acquisitions or takeovers on a case-by-case basis. Supporters argue the bill eliminates loopholes and other issues that allow other nations to — in their view — exploit businesses headquartered in the United States.
Foreign investment in U.S. companies can have significant national security implications if the companies make technologies with defense applications — and it serves the U.S. national interest to ensure that such technologies do not fall into the hands of hostile states.