Brian Fleming Comments on Legislation Giving CFIUS Additional Powers in Bloomberg
"Congress Toughens Foreign Deal Reviews With China in Crosshairs"
Brian Fleming commented on the expanded authority granted to the Committee on Foreign Investment in the U.S. (CFIUS) in legislation recently passed by Congress. The Foreign Investment Risk Review Modernization Act gives CFIUS additional authority to examine and potentially block foreign deals on a national security basis. "It casts a wider net for the committee," Fleming said. "It's not really going to be until there's a track record to know how the committee will work and where the boundaries are."