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Tag Archives: CFIUS

Chinese Investments in US Startups Drop Amid Wider Scrutiny of Tech Deals

Chinese-backed venture capital firms are closing U.S. offices, reducing their U.S. investments or changing the structure of their investments to avoid scrutiny from government regulators as U.S. startups shy away from Chinese investors amid rising tensions between the two countries, The Wall Street Journal reported Tuesday. Research firm Rhodium Group said Chinese investments in U.S. startups hit record levels in early 2018 but started to drop in May 2018.

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Treasury Dept Issues Interim Rules for Foreign Investment Review Pilot Program

The Treasury Department has released interim regulations for a pilot program to assess foreign acquisitions of critical U.S. technologies and intellectual property in compliance with the Foreign Investment Risk Review Modernization Act of 2018. “These temporary regulations address specific risks to U.S. critical technology while informing the development of final regulations that will fully implement FIRRMA,” Treasury Secretary Steven Mnuchin said in a statement published Wednesday.

 

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Senate OKs $716B Defense Policy Bill for Fiscal 2019

The Senate on Monday voted 85-10 to pass a bill that would authorize $716 billion in defense budget for fiscal 2019, Reuters reported Tuesday. The fiscal 2019 National Defense Authorization Act seeks to allocate $639 billion in base budget and $69 billion in additional war spending. The report said the …

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