CFIUS
Total 41 Posts
CFIUS Finds Gotion Battery Investment Not Covered Transaction
The Committee on Foreign Investment in the United States (CFIUS) -- an interagency taskforce overseen by the Department of the Treasury -- has determined that Chinese company Gotion's proposed battery facility in Michigan is not a covered real estate transaction or purchase, and can move forward.
U.S. House CCP Select Committee Members Push U.S. Automakers away from China
Last week, Chairman Mike Gallagher (R-WI) and Ranking Member Raja Krishnamoorthi (D-IL) of the Select Committee on the Chinese Communist Party met with the CEOs of Ford Motor Co. and General Motors Co. and leading automotive suppliers in Detroit, Michigan, with a goal of figuring "how Congress can help
New U.S. Legislation Would Require Scrutiny of Chinese "Greenfield" Investments
Legislation introduced in the U.S. Senate would expand the scope for reviewing Chinese investments in the United States to include all real estate purchases that are for the purpose of establishing a business, and, at least formally, ties this new restriction to the Belt and Road Initiative (BRI).
U.S. Congress CCP Select Committee Holds Hearing on Economic Issues
The recently created "Select Committee on the CCP" in the U.S. House of Representatives held a hearing last week on "Leveling the Playing Field: How to Counter the CCP's Economic Aggression."
Congresswoman Raises Concerns about Chinese Takeover of U.S. Education Company
A Republican Congresswoman wrote to President Biden and Treasury Secretary Yellen last week with concerns about a Chinese private equity firm's acquisition of a U.S. educational company that serves military personnel and therefore has data on them.
U.S. Treasury Department Proposes Rule Change on Foreign Investment in U.S. Real Estate
In a regulatory update that appears to respond to controversy over a planned Chinese investment in a corn wet milling plant in Grand Forks, North Dakota, the U.S. Treasury Department is proposing to add eight new military bases to a list that restricts foreign investment in U.S. real
CFIUS/UK Authorities Approve Chinese Purchase of Pharmaceutical Company
Nine months after reports of a security review by U.S./UK investment screening officials, the acquisition by a company with Chinese links of a U.S./UK pharmaceutical company has been approved by both governments.