Proposed regulations, which will implement the Foreign
Investment Risk Review Modernization Act ("FIRRMA") next
year, revise the process for review of foreign investments and also
reflect the U.S. government's evolving view of what sectors of
the U.S. economy (such as real estate, life sciences, and data
collection or maintenance) raise national security concerns and, as
result, will be subject to heightened scrutiny.
Jones Day's Laura Fraedrich, Chase Kaniecki, and Justin Huff
explain why a growing number of industries must consider
FIRRMA's implications when structuring transactions involving
non-U.S. investors.
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