United States: Inward/ Foreign Investment

On August 7, 2026, the U.S. Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), released its Annual Report to Congress covering calendar year 2025 (the “Report”). The Report provides detailed statistics on CFIUS filing volumes, review timelines, enforcement actions, and policy developments during 2025. Below, we summarize the key takeaways from the Report and their practical implications for M&A transactions. These statistics are increasingly important for dealmakers, as the CFIUS process can affect deal timing and risk allocation, and is critical to regulatory risk assessment across the M&A lifecycle.

The White House has imposed tariffs of up to 100% on imported Unmanned Aircraft Systems and components following a Department of Commerce investigation into cybersecurity vulnerabilities and foreign supply chain dependencies. These measures establish new regulatory pathways to encourage domestic manufacturing while creating exemptions for allied nations and companies committed to building U.S. production facilities. The directive fundamentally reshapes procurement and deployment strategies for drone technol

FinCEN has issued a final rule permanently narrowing beneficial ownership information reporting requirements under the Corporate Transparency Act, exempting all domestic reporting companies and U.S. persons while retaining obligations only for foreign reporting companies with non-U.S. beneficial owners. The rule takes effect immediately and includes deletion of previously reported BOI data for domestic entities and U.S. persons, though critics warn this rollback may undermine law enforcement efforts to comb