Foreign Investment Risk Review Modernization Act of 2018

E532549

The Foreign Investment Risk Review Modernization Act of 2018 is a U.S. law that significantly expanded and modernized the authority of the Committee on Foreign Investment in the United States (CFIUS) to review and address national security risks arising from foreign investments.

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Statements (49)

Predicate Object
instanceOf United States federal statute
national security law
abbreviation CFIUS reform law
addresses investments involving critical infrastructure
investments involving critical technologies
investments involving sensitive personal data of U.S. citizens
amends Section 721 of the Defense Production Act of 1950 NERFINISHED
appliesTo certain real estate transactions by foreign persons in the United States
foreign persons investing in U.S. businesses
authorizes collection of filing fees for certain CFIUS notices
country United States of America
surface form: United States
effectiveDate 2018-08-13
enactedBy 115th United States Congress NERFINISHED
enactmentDate 2018-08-13
establishes mandatory declarations for certain foreign investments
pilot programs for critical technologies review
expandsAuthorityOf Committee on Foreign Investment in the United States NERFINISHED
focusesOn foreign control of U.S. businesses
national security risks
non-controlling investments in sensitive U.S. businesses
real estate transactions near sensitive U.S. facilities
implementedBy Committee on Foreign Investment in the United States NERFINISHED
U.S. Department of the Treasury NERFINISHED
implementedThrough CFIUS regulations at 31 C.F.R. Part 800
CFIUS regulations at 31 C.F.R. Part 802
jurisdiction federal jurisdiction of the United States
language English
legislativeBody United States Congress
mainSubject Committee on Foreign Investment in the United States NERFINISHED
partOf John S. McCain National Defense Authorization Act for Fiscal Year 2019 NERFINISHED
policyArea economic security
foreign investment screening
national security
presidentAtEnactment Donald Trump NERFINISHED
purpose to address national security risks arising from certain foreign investments
to expand the scope of transactions subject to CFIUS review
to modernize the CFIUS review process
regulates foreign investment in the United States
relatedTo Defense Production Act of 1950 NERFINISHED
Export Control Reform Act of 2018 NERFINISHED
requires greater interagency coordination on foreign investment reviews
periodic reports to Congress on CFIUS activities
submission of short-form declarations for certain transactions
shortName FIRRMA NERFINISHED
signedBy Donald Trump NERFINISHED
strengthens CFIUS enforcement authorities
CFIUS review procedures
targets certain Chinese and other strategic foreign investments
certain foreign government–controlled investments

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Export Control Reform Act of 2018 relatedTo Foreign Investment Risk Review Modernization Act of 2018