At the beginning of August, the Department of the Treasury, Chair of the Committee on Foreign Investment in the United States (CFIUS), released the public version of the CFIUS Annual Report to Congress for calendar year 2021.
The Annual Report provides statistics on transactions filed with CFIUS in 2021. As you are aware, CFIUS is tasked with reviewing foreign transactions and investments in the United States that may be harmful to national security.
According to the published report, highlights for 2021 include:
- CFIUS reviewed 164 declarations and 272 notices, a record number of covered transactions
- CFIUS cleared 60% of cases in the 30-day assessment period or within the initial 45-day review period for a notice.
- CFIUS provided comments on draft notices within 6 business days and accepted formal notices within 6 business days. A reduction from 9 days in 2020.
A copy of the report can be found here: https://home.treasury.gov/system/files/206/CFIUS-Public-AnnualReporttoCongressCY2021.pdf
If you or anyone you know has any CFIUS questions, or needs assistance with a CFIUS filing, contact David Hsu by phone/text at 832-896-6288 or by email at email@example.com.