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CFIUS Developments: Senate Banking Committee Releases Draft Manager’s Amendment to FIRRMA

May 16, 2018, Covington Alert

We are writing to report on the current status of the Foreign Investment Risk Review Modernization Act (“FIRRMA”), legislation to reform the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”). FIRRMA, a bill introduced by Senator John Cornyn (R-TX) in the Senate and Congressman Robert Pittenger (R-NC) in the House, seeks to modernize and strengthen CFIUS to guard against U.S. national security risks that may arise from certain foreign investments. Our analysis of FIRRMA as originally introduced is available here.

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