CFIUS – New Expanded National Security Powers

Often called a “black box,” the Committee on Foreign Investment in the United States (CFIUS) assesses the potential national security risks of investments in the U.S. and operates in a classified environment. In early 2020, the powers and jurisdiction of CFIUS were expanded under a new law, the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). To peel back the curtain, we sit down with two longtime leaders of the CFIUS committee, Aimen Mir and Colin Costello and discuss the substantive changes and new powers conferred by FIRRMA as well as CFIUS strategy for businesses under the Biden administration. Aimen Mir is a partner at the global law firm, Freshfields. Formerly, Aimen served in several leadership roles at the Department of the Treasury including serving as the CFIUS chair. Colin Costello is a CFIUS client advisor at Freshfields. Prior, Colin served as the Acting Director of the National Intelligence Council, Investment Security Group with CFIUS responsibilities. ► http://www.talksonlaw.com for more legal explainers and interviews with the titans of law. ► Facebook: http://www.facebook.com/talksonlaw ► Instagram: http://www.instagram.com/talksonlaw ► Twitter: http://www.twitter.com/talksonlaw ► TalksOnLaw does not provide legal advice. Learn more here: https://www.talksonlaw.com/briefs#about_tol_briefs_tol_is_not_your_lawyer