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Foreign Investment Proposed Legislation

Holland & Knight LLP

House Agriculture Committee Completes Markup of 2024 Farm Bill

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The U.S. House of Representatives Committee on Agriculture completed its markup of the Farm, Food and National Security Act of 2024 (Farm Bill) on May 24, 2024, and passed the proposed legislation 33-21, with four Democrats –...more

Skadden, Arps, Slate, Meagher & Flom LLP

Broad Reforms to China’s Company Law Will Affect Most PRC Companies

On December 29, 2023, China enacted the amended Company Law of the People’s Republic of China (Amended PRC Company Law), which will come into effect on July 1, 2024. These are some of the most significant changes to the laws...more

Brownstein Hyatt Farber Schreck

U.S. Policies on China to Watch in 2024

As the first session of the 118th Congress comes to a close, Congress unveiled a vast array of policy recommendations and legislation furthering their focus on U.S.-China strategic competition. Throughout the year, China...more

Dechert LLP

Dechert Re:Torts - Key Developments in Product Liability and Mass Torts - Issue 10

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Senators Focus Attention on Litigation Funding’s Opacity - Building on the momentum we previously noted related to litigation funding, on September 14, Senator John Kennedy introduced the Protecting Our Courts from Foreign...more

BakerHostetler

CFIUS, Congress and State Legislatures Respond to Foreign Investments in U.S. Real Estate

BakerHostetler on

Recent acquisitions of land by foreign buyers have sparked concern that the current jurisdiction of the Committee on Foreign Investment in the United States (CFIUS) to review such transactions is not broad enough. CFIUS,...more

Bradley Arant Boult Cummings LLP

The RESTRICT Act: A Potential New Enforcement Tool to Address Economic and National Security Concerns Posed by Foreign Information...

Concerns over the potential threat posed by information and communications technology (ICT) products and services, such as TikTok, to the United States’ economic and national security have been ruminating for some time now....more

Kohrman Jackson & Krantz LLP

Will the U.S. Ban TikTok? New Legislation That Could Impact Your Data Privacy

A new bill was introduced last week that would ban TikTok and other foreign technology. The bipartisan bill would provide the federal government with the authority to restrict or ban the Chinese-owned video app TikTok, along...more

ArentFox Schiff

Proposed Legislation Would Authorize CFIUS to Scrutinize Farmland Purchases by Foreign Buyers

ArentFox Schiff on

A bipartisan group of lawmakers in Congress is set to introduce a bill that if enacted would direct the Committee on Foreign Investment in the United States (CFIUS) to consider the needs of the agriculture industry when...more

Allen Matkins

Legislator Proposes Ban On Foreign-Influenced Business Entity Contributions

Allen Matkins on

The California legislature is currently in recess and is scheduled to reconvene on January 4.  However, some bills have already been introduced, including AB 83 (Lee & Kalra), which would enact the "Get Foreign Money Out of...more

Wilson Sonsini Goodrich & Rosati

Proposed Legislation Seeks to Create "Reverse CFIUS": National Security Review of Outbound Activity Benefiting Entities or...

U.S. lawmakers have proposed requiring government approval for certain outbound investments, much as today's Committee on Foreign Investment in the United States regime requires a national security review of certain...more

Latham & Watkins LLP

Ready for a “Reverse” CFIUS? Four Takeaways From New Bipartisan Bill

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If enacted, the bill would establish an interagency committee in the US to review certain outbound investment and other activity affecting supply chain security, domestic production, and manufacturing capacities. Key...more

Seward & Kissel LLP

July 2022 U.S. Federal Income Tax Updates

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This Memorandum highlights several important U.S. federal income tax developments in the summer of 2022, including: (i) the Supreme Court agreeing to hear an FBAR penalty case, (ii) the Internal Revenue Service (“IRS”)...more

Morgan Lewis

Russia Considers Imposing Special External Management over Certain Foreign-Owned Companies

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Russia is considering introducing legislation that, if adopted, will have a dramatic impact on foreign-owned businesses and their strategies concerning Russia. The goal of the proposed law is to (1) warn foreign owners that...more

Dechert LLP

Foreign Land Owners Come into the Light…UK Government introduces new “Register of Overseas Entities”

Dechert LLP on

On 1 March the Home Office introduced the Economic Crime (Transparency and Enforcement) Bill (the "Bill"). The most significant change, introduced in Part 1 of the Bill, is the creation of a new, public "Register of Overseas...more

Dorsey & Whitney LLP

U.S. National Security Issues in Cross-Border Food, Beverage & Agribusiness Deals

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On October 28, 2021, a bipartisan group of U.S. Senators introduced the Food Security is National Security Act of 2021 (the “Act”). Among other things, the Act would require the Committee on Foreign Investment in the United...more

King & Spalding

AMLO Proposes New Legislation to Regulate the Oil & Gas Industry

King & Spalding on

On March 26, 2021, the President of Mexico, Andrés Manuel López Obrador (“AMLO”), sent a new bill to Congress intended to amend the Federal Hydrocarbons Law (the “Hydrocarbons Bill”). This is AMLO’s latest attempt to upend...more

Dorsey & Whitney LLP

Often Overlooked Exception to Withholding and Reporting Requirements under FATCA

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An often overlooked exception to U.S. withholding taxes may result in a lower overall U.S. tax burden. The Foreign Account Tax Compliance Act (“FATCA”) was enacted in an effort to ensure that U.S. taxpayers could not...more

A&O Shearman

UK national security regime: scrutiny of transactions tightens

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The UK government has finally delivered on its promise to tighten the scrutiny of transactions on national security grounds....more

BCLP

Highly impactful - UK National Security & Investment Bill introduces mandatory Government review of a wide range of transactions

BCLP on

On 11 November, the UK Government introduced to Parliament the long-awaited National Security and Investment Bill. The Bill, which is expected to be enacted in Spring 2021, is a transformative event for investors in UK...more

Dechert LLP

Foreign Direct Investment (FDI) control in the United Kingdom

Dechert LLP on

The UK has become one of the latest in a line of countries around the world to tighten FDI screening rules in the context of the COVID-19 pandemic. The legislative changes that were passed recently affect the rules in two...more

BCLP

New UK Government powers to scrutinise M&A deals on public health and national security grounds

BCLP on

On 21 June 2020, the UK Government announced that it is introducing emergency legislation that will bolster its powers to scrutinise, and potentially block, foreign takeovers on new public interest grounds, namely: ..to...more

White & Case LLP

Increasing Scrutiny of Foreign Investments in the German Healthcare Sector

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The COVID-19 pandemic has changed most governments' views on the strategic relevance of the domestic healthcare sectors across the globe. Although the European Commission, and also the German government, have re-emphasized...more

White & Case LLP

Increasing Scrutiny of Foreign Investments in the German Healthcare Sector

White & Case LLP on

The COVID-19 pandemic has changed most governments' views on the strategic relevance of the domestic healthcare sectors across the globe. Although the European Commission, and also the German government, have re-emphasized...more

Polsinelli

Senate Leaders Propose Significant Changes to the EB-5 Program: Big City Developers Are Likely to Rejoice

Polsinelli on

On November 5, 2019, Senators Rounds (R-SD), Graham (R-SC) and Cornyn (R-TX) introduced the Immigrant Investor Program Relief Act (S. 2778) (“Relief Act”). The Relief Act would extend the Immigrant Investor Program (known as...more

Jones Day

New Illinois Corporate Income Tax Bills Seek to Tax Foreign Income

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Enactment of proposed Illinois legislation that would tax worldwide or tax haven income of corporations could prompt international and constitutional controversies. Proposed legislation in the Illinois General Assembly...more

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