New momentum for bill limiting contracts with Chinese biotech cos.

The BioSecure Act appears to be advancing, and may come up for a vote in the fall. The proposal would restrict government contracts with entities that use biotech equipment or services from Chinese "companies of concern.” Details, key provisions, potential "scope...

Compliance reminder: Two weeks left to comment on outbound rule

Just a friendly reminder that comments on the draft regulations for the outbound investment security program are due on August 4. As most readers know, the rule would restrict U.S. investments in certain technologies in countries of concern, namely China. Details and...

Military sites added to the CFIUS jurisdiction list won’t be the last

As we mentioned in last week’s edition, the Treasury Department has proposed a new rule that would expand the number of military installations over which CFIUS has jurisdiction. This is the second expansion of the real estate provisions of FIRRMA in the last year, and...

Activist group sues CFIUS over a failure to respond to FOIA request

A conservative activist group known for filing Freedom of Information Act requests and lawsuits has filed a FOIA lawsuit against Treasury seeking communications between CFIUS and the Agriculture Department. Details, insights, a list of other FOIA requests sent to...

Lawmakers want probe of Microsoft deal with Abu Dhabi AI firm G42

Two Republican Congressmen have requested a classified briefing from the Biden administration regarding a partnership between Microsoft and G42, an artificial intelligence firm based in Abu Dhabi. Of concern: The company’s ties to the Chinese government, and to...