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National Security China Foreign Investment

Troutman Pepper Locke

FCC Expands National Security Reporting Requirements and Restrictions

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On May 27, the Federal Communications Commission (FCC) opened two rulemaking proceedings aimed at foreign involvement in U.S. communications networks, particularly by countries identified as foreign adversaries, such as China...more

Baker Botts L.L.P.

Navigating the CFIUS Fast Track Program

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In May 2025, the Treasury Department, as chair of the Committee on Foreign Investment in the United States (CFIUS), announced a new “fast track process to facilitate greater investment in U.S. businesses from ally and partner...more

Holland & Knight LLP

Suirui International Ordered to Divest from Jupiter Systems

Holland & Knight LLP on

President Donald Trump issued a presidential order (the Order) on July 8, 2025, retroactively prohibiting the acquisition of Jupiter Systems LLC, a Delaware limited liability company, by Suirui International Co. Ltd., a Hong...more

Vinson & Elkins LLP

President Trump Orders Divestment of Jupiter Systems, Citing National Security Concerns

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On July 8th, 2025, President Trump issued an order (the “Order”) forcing divestment of U.S.-based Jupiter Systems (“Jupiter”) by its China-based parent company, Suirui Group Co., Ltd. (“Suirui”), more than five years after...more

Wiley Rein LLP

The FCC’s National Security Mandate: The Rise of the Council on National Security

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The Federal Communications Commission (FCC) has taken significant steps to institutionalize national security within its regulatory framework through the creation of the Council on National Security (CNS). Chaired by Chairman...more

Fenwick & West LLP

And Then There Were 10: Trump Admin Unwinds Suirui Group Co.’s Acquisition of Jupiter Systems

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On July 11, 2025, the Trump administration published an order forcing Suirui International Co., Limited—a Hong Kong company that is majority owned by Suirui Group Co., Ltd., a People’s Republic of China company—to unwind its...more

Wiley Rein LLP

President Trump Issues CFIUS Divestment Order of Chinese-owned Jupiter Systems Due to National Security Risk

Wiley Rein LLP on

President Trump signed a Presidential decision last week ordering Suirui Group Co., Ltd., a Chinese company, and its Hong Kong-based subsidiary Suirui International Co., Limited (together, Suirui) to divest within 120 days...more

Mayer Brown

President Trump Orders Suirui to Divest of Jupiter Systems, Citing National Security Risk Identified by CFIUS

Mayer Brown on

On July 11, 2025, the Trump Administration published an Order entitled “Regarding the Acquisition of Jupiter Systems, LLC by Suirui International Co., Limited” (dated July 8, 2025). This Order prohibits the February 2020...more

Bass, Berry & Sims PLC

CFIUS and President Trump Force Unwinding of 2020 Acquisition of Jupiter Systems, LLC

Bass, Berry & Sims PLC on

On July 11, the Trump administration issued an order blocking and requiring the unwinding of a 2020 acquisition by which Jupiter Systems, LLC (Jupiter), a U.S.-based audiovisual equipment supplier, was acquired by Suirui...more

A&O Shearman

Deal structuring in focus as U.S. outbound investment regime takes effect

A&O Shearman on

Navigating the Committee on Foreign Investment in the United States has long been a key consideration for inbound investors to the U.S. But at the start of 2025, a new regulatory framework was introduced to limit certain...more

Vinson & Elkins LLP

Texas Lassos Foreign Investment Regulation with Real Property Restrictions and Proposed “Texas Committee on Foreign Investment” -...

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The Texas Legislature was active this Session in proposing and passing bills that seek to restrict foreign ownership of real estate and businesses in Texas. Before this session, Texas did not have state-level restrictions on...more

Venable LLP

FCC Adopts Several National Security Measures

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At its May open meeting, the Federal Communications Commission (FCC) implemented three distinct regulatory measures aimed at protecting domestic communications networks and equipment from threats posed by hostile foreign...more

Proskauer - Regulatory & Compliance

Treasury’s Latest Moves: Fast-Track for Foreign Investors & Outbound AI Investment Inquiry

The U.S. Department of the Treasury (“Treasury”) has been active in the context of the Committee on Foreign Investment in the United States’ (“CFIUS”) and the Outbound Investment Security Program (“OISP”). The main updates...more

Foley & Lardner LLP

Key Provisions of the One Big Beautiful Bill (H.R.1) Related to Foreign Ownership and Foreign Supply (FEOC)

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Applicable Limitations on Tax Credits under Sections 48E, 45Y, and 45X: The below summary describes provisions in the One Big Beautiful Bill that were passed by the House and are currently under consideration in the...more

Akin Gump Strauss Hauer & Feld LLP

FCC Voted To Adopt New Items on Foreign Ownership Requirements and Spectrum Use in the 12.7 GHz and 42 GHz bands at Its May 22...

The Federal Communications Commission (FCC) held its May Open Meeting on Thursday, May 22, during which it voted to adopt three items: (1) a Notice of Proposed Rulemaking (NPRM) that proposes to require holders of certain...more

Hogan Lovells

The impact of the outbound investment rules on LP trades

Hogan Lovells on

The secondaries market continues to mature and evolve, offering limited partners (“LPs”) an essential tool for portfolio rebalancing, liquidity management and strategic realignment. However, the introduction of the U.S....more

Troutman Pepper Locke

New “Fast-Track” Announced for Foreign Investment Approval

Troutman Pepper Locke on

On May 8, the Treasury Department announced a plan to introduce a new Known Investor portal as a key component of the “fast-track” process for investments by U.S. allies and partners under review by the Committee on Foreign...more

Vinson & Elkins LLP

Texas Lassos Foreign Investment Regulation with Real Property Restrictions and Proposed “Texas Committee on Foreign Investment”

Vinson & Elkins LLP on

The Texas legislature has been active recently in proposing bills that seek to restrict foreign ownership of real estate and businesses in Texas. Texas does not currently have state-level restrictions on foreign ownership of...more

Cooley LLP

CFIUS Non-Notified Transaction Enforcement: Cooley’s Five-Year Lookback

Cooley LLP on

March 2025 marked the fifth anniversary of the Committee on Foreign Investment in the United States (CFIUS) initiative to “formalize and centralize” within the Department of the Treasury an enforcement function to identify...more

Akin Gump Strauss Hauer & Feld LLP

CFIUS Announces Fast Track Pilot Program for Certain Investors

On May 8, 2025, the U.S. Department of the Treasury (Treasury) announced plans to establish a “fast-track” review process for the Committee on Foreign Investment in the United States (CFIUS). This initiative implements a key...more

White & Case LLP

Breaking Barriers: China’s New IDC Open-Up Opportunities for Foreign Investors

White & Case LLP on

The demand for data centers is skyrocketing in the era of digital transformation, driven by the growth of cloud computing and AI technologies. Historically, China has tightly restricted or even barred foreign investment in...more

Cooley LLP

US Outbound Investment Enforcement Is Now Live

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Despite uncertainty amid talks of reforming the Outbound Investment Security Program (OISP), the US Department of the Treasury is already actively pursuing enforcement actions against transaction parties that may have...more

Torres Trade Law, PLLC

First Quarter Foreign Direct Investment Updates

On February 21, 2025, the Trump administration published its “America First Investment Policy” memorandum. Among other items, the Policy calls for the United States to restrict China-affiliated persons from investing in...more

Latham & Watkins LLP

Deputy Treasury Secretary Provides Key Insights Into CFIUS and Outbound Policy Direction

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Potential policy changes could offer opportunities for CFIUS filers in low-risk transactions while introducing added challenges for transaction parties linked to sensitive countries....more

McGuireWoods LLP

Outbound Investment Rules and Implications on U.S. Loan Documentation

McGuireWoods LLP on

The U.S. outbound investment security program, or Outbound Investment Rules, went into effect on Jan. 2, 2025, and financial institutions have had a few months to adjust to the new regulations....more

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