Deals
Foreign Dealmakers Would Face Tougher Security Reviews Under U.S. Bill
- Republican legislation expands investments subject to scrutiny
- Personal data, election hacking would be considered as risks
Photographer: Tomohiro Ohsumi/Bloomberg
This article is for subscribers only.
Foreign investors seeking to buy U.S. companies would face higher hurdles for winning regulatory approval under new legislation that seeks to toughen national security reviews of their investments.
House Republican lawmakers on Wednesday introduced legislation that would broaden the government’s authority to scrutinize overseas investment in the U.S. and establish additional criteria to weigh the security threats of deals. Treasury Secretary Steven Mnuchin has urged for closer vetting of foreign acquisitions by the security-review panel he chairs, the Committee on Foreign Investment in the U.S. Known as CFIUS, the panel meets in secret.