State Governors gain the right to know about foreign investment reviews.
This bill increases transparency in the foreign investment review process in the U.S. State Governors will be able to formally request a determination from the federal Committee on Foreign Investment in the United States (CFIUS) on whether a specific transaction is subject to national security review. CFIUS must respond within 30 days. While not directly affecting citizens, this change enhances state oversight of potentially risky investments, indirectly impacting the economic and national security of local communities.
Key points
State Governors will gain the right to request information from CFIUS regarding whether a specific transaction is a 'covered transaction' subject to federal review.
CFIUS will be required to make a determination and inform the Governor of the transaction's status within 30 days of receiving the request.
The change aims to increase state authorities' awareness of foreign investments that could pose a national security risk.
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