CFIUS has offered a one-month comment period for proposed rulemaking to implement provisions of CFIUS legislation passed in August 2018.

More than a year ago, in August 2018, US President Donald Trump signed the Foreign Investment Risk Review Modernization Act (FIRRMA) into law. FIRRMA addresses perceived gaps in the scope and process of foreign investment review by the Committee on Foreign Investment in the United States (CFIUS) (see previous Client Alert for further detail on FIRRMA). FIRRMA was not self-executing, however, as most of its provisions require implementing regulations.