News & Analysis as of

National Security Committee on Foreign Investment in the United States Government Accountability Office

Holland & Knight LLP

Federal, State Governments Scrutinize Foreign Investment in U.S. Agricultural Land

Holland & Knight LLP on

The U.S. Government Accountability Office (GAO) published a report on Jan. 18, 2024, evaluating foreign investment in U.S. agricultural land. The report found that foreign investment in U.S. agricultural land grew to over 40...more

Morgan Lewis

GAO Finds Significant Gaps in Current Information Collection Process for Non-US Ownership of US Agricultural Land

Morgan Lewis on

The Government Accountability Office (GAO) has issued its report on the national security implications of how the US government collects, shares, and considers foreign purchases and ownership of US agricultural land. It...more

Wiley Rein LLP

GAO Study Highlights Shortcomings in USDA Land Deal Information Sharing with CFIUS

Wiley Rein LLP on

On January 18, 2024, the U.S. Government Accountability Office (GAO) released a public report that found the U.S. Department of Agriculture (USDA) does not share timely data on foreign investments in agricultural land with...more

Fenwick & West LLP

SBIR and STTR Programs Renewed with New Foreign Risk Due Diligence Measures and Pilot Programs

Fenwick & West LLP on

On September 29, 2022, Congress passed the SBIR and STTR Extension Act of 2022, renewing the U.S. Small Business Administration’s (SBA) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)...more

Pillsbury Winthrop Shaw Pittman LLP

Congressional and Government Investigations in 2021: What to Expect from the Biden-Harris Administration and How to Prepare

As savvy investigators in Congress and the Biden-Harris Administration prepare for new and expanded government investigations, it is time for potential targets to assess and address their vulnerabilities. Investigators in...more

Wiley Rein LLP

GAO Highlights Key Tech Security Efforts—and Gaps—at DOD, Confirming Major Government Role

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This month, the Government Accountability Office (GAO) published a report assessing the Department of Defense’s (DOD) approach to identifying and securing critical technologies. While DOD has been operating programs to...more

Pillsbury Winthrop Shaw Pittman LLP

Congress Requires Foreign Ownership Disclosures for Federal Government Tenancies of “High-Security Leased Spaces”

Federal government lessees seeking to occupy high-security spaces in foreign-owned buildings will be required to obtain complete beneficial ownership and impose access restrictions on owners and property managers. The...more

ArentFox Schiff

CFIUS 2.0: ‘Sensitive Personal Data’ in the National Security Context

ArentFox Schiff on

In recent years, the Committee on Foreign Investment in the United States (CFIUS) has taken a much stronger interest in the national security ramifications of sensitive data falling into the hands of foreign adversaries,...more

Pillsbury Winthrop Shaw Pittman LLP

President Trump Signs FY 2019 NDAA

President Donald Trump signed the Fiscal Year 2019 National Defense Authorization Act, which authorizes a top-line budget of $717 billion and includes significant provisions for government contractors. DoD is required to...more

Pillsbury Winthrop Shaw Pittman LLP

CFIUS and Real Estate - Renewed focus on national security concerns surrounding foreign acquisitions of U.S. real estate

The expanding influx of foreign investments in U.S. real estate has drawn the attention of three key U.S. Senators amid national security concerns. Senators Ron Wyden (D-OR), ranking member of the Senate Finance Committee;...more

Davis Wright Tremaine LLP

Senators Request GAO Review of CFIUS Oversight of Foreign Investment in U.S. Real Estate

Three senators – Senate Banking Committee Ranking Member Sherrod Brown, Sen. Ron Wyden, ranking member on the Senate Finance Committee, and Sen. Claire McCaskill, ranking member on the Homeland Security and Government Affairs...more

Hogan Lovells

CFIUS Reform Turns to Food Security

Hogan Lovells on

Congressional efforts to reform the Committee on Foreign Investment in the United States (CFIUS), a U.S. Government interagency committee that conducts national security reviews, continue apace. This week saw the introduction...more

Perkins Coie

CFIUS: President-elect Trump’s Potential Big Stick for China and Foreign Trade

Perkins Coie on

On the campaign trail, President-elect Trump adopted a contentious approach towards foreign trade, focusing on Chinese “theft of American trade secrets” and suggesting, at times, potential isolationism for U.S. businesses....more

Akin Gump Strauss Hauer & Feld LLP

Is Chinese Investment in the U.S. Film and Entertainment Industry the Next Area of CFIUS Scrutiny?

U.S. lawmakers recently submitted a letter to the Government Accountability Office (GAO) raising concerns about increased Chinese investments in the U.S. film and entertainment industry and questioning whether the Committee...more

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