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Cornyn bill to strengthen CFIUS introduced in House, Senate with bipartisan support

November 8, 2017 at 12:01 PM
A bill spearheaded by Senate Majority Whip John Cornyn (R-TX) that was introduced today in both the House and Senate, with Democratic co-sponsors in both chambers, would update and strengthen the national security watchdog Committee on Foreign Investment in the United States for the first time in a decade. The bill, called the “Foreign Investment Risk Review Modernization Act,” would expand CFIUS' jurisdiction to include joint ventures, minority position investments and real estate deals near military bases and other national...

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