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Senate approves notification process for certain outbound investment

Senate approves notification process for certain outbound investment

Setting aside the new Executive Order on outbound foreign investment, the U.S. Senate has approved an amendment to the National Defense Authorization Act to add mandatory notification of certain investments in adversarial nations such as China. Details and the amendment are inside.

Bill wants CFIUS to presume “non-resolvability” in certain transactions

Bill wants CFIUS to presume “non-resolvability” in certain transactions

Congressional leaders have just proposed a bill that would include a “presumption of non-resolvability” by CFIUS related to real estate transactions by foreign adversaries near sensitive sites. In other words, the Committee would have to assume that any national security concerns cannot be resolved.

Flurry of new bills on Chinese land purchases, greenfield investments

Flurry of new bills on Chinese land purchases, greenfield investments

Several legislative proposals were floated by Congressional leaders last week related to foreign ownership of farmland, one of which would expand an existing tax on foreign land sales by 400%, and another that would address Chinese investments in greenfield initiatives. Details inside.

IAA provision would extend CFIUS jurisdiction to labs, intelligence sites

IAA provision would extend CFIUS jurisdiction to labs, intelligence sites

A proposed provision in the bipartisan Intelligence Authorization Act would extend CFIUS’s real-estate jurisdiction beyond military bases. The proposal would add foreign real-estate transactions in close proximity to “sensitive sites,” such as intelligence agencies and national labs. Details inside.