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Bill would give governors power to question CFIUS about transactions

Bill would give governors power to question CFIUS about transactions

A U.S. Senator has introduced a bill that would force CFIUS to respond to inquiries from governors about transactions within state borders. The proposal runs counter to FIRRMA and current practice, and raises questions about the states’ role in national security, just as the states ramp up activity. Details inside.

Congressional leaders propose bill in wake of GAO report on Ag data

Congressional leaders propose bill in wake of GAO report on Ag data

Well, that didn’t take long. Fresh on the heels of a GAO report about flawed data regarding foreign agricultural transactions in the U.S., a bipartisan group of Congressional leaders have proposed a bill that would improve the tracking of foreign investment in farmland. Details, draft inside.

Proposed bill would force annual update of gov’t facilities for CFIUS

Proposed bill would force annual update of gov’t facilities for CFIUS

Last week, six Republican U.S. Senators introduced legislation that would require CFIUS member agencies to conduct annual reviews of the military, intelligence, and national laboratory facilities that should be considered “sensitive sites” for national security purposes. Details, context, bill inside.

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.

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.