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Following months of delays and intense debate in Congress, President Biden signed H.R. 815 into law on April 24, 2024, which made headlines for funding $95 billion in military aid to Ukraine, Israel, and Taiwan, along with mandating the divestment of social media app TikTok.

V&E Export Controls Update | Published by The Global Trade Law Journal in the September-October 2024 Issue 

May 3, 2024
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In a provocative demonstration that it scrutinizes all types of transactions, no matter their origin, the Committee on Foreign Investment in the United States (“CFIUS”) has reportedly been vetting the proposed $1 billion sale of bankrupt crypto lender Voyager Digital’s assets to Binance.

Published by Foreign Investment Watch on February 2, 2023

January 30, 2023
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In a development that highlights current U.S. Government foreign investment priorities, Borqs Technologies Inc. (“Borqs”), a China-based corporation, announced on December 19, 2022, that a review by the Committee on Foreign Investment in the United States (“CFIUS”) is leading Borqs to divest its investment in Holu Hou Energy LLC (“HHE”), a U.S. energy storage system company.

December 27, 2022
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The Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) recently submitted its Annual Report to Congress for calendar year 2021 (“Annual Report”). The report summarized the Committee’s activity in calendar year 2021.

V&E CFIUS Update

October 12, 2022
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On June 17, 2022, TikTok Inc. (“TikTok”) reportedly completed the migration of its U.S. users’ information to servers at Oracle Corporation (“Oracle”) in a move that bars access by Chinese parent company ByteDance.

June 24, 2022
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The Committee on Foreign Investment in the United States (“CFIUS”) earlier this month released a fact sheet announcing updates on excepted foreign states determinations, including the addition of New Zealand to CFIUS’s excepted foreign states list, effective as of January 6, 2022.

V&E CFIUS Update

January 31, 2022