The U.S. House and the Senate passed The Foreign Investment Risk Review Modernization Act on Aug. 1, sending to the president a bill that would expand the power of the Committee on Foreign Investment in the United States, or CFIUS.
The bill — which Congress gave bipartisan backing and the White House has expressed support for — would broaden CFIUS authority in a couple of ways, The New York Times reports. For one, it would extend the committee’s purview beyond national security risks to include deals that would affect U.S. competitiveness in important industries. Additionally, the bill would allow CFIUS to investigate deals beyond mergers and acquisitions, considering things like joint ventures and minority stakes.
How might increased federal scrutiny — and potential rejection — of foreign deals affect Missouri? Currently in the state, there are 494 foreign companies or subsidiaries, owned by 396 unique parent companies, according to data from the Missouri Partnership, a public-private economic development partnership with the state.
Japan has the most companies the state, with 50, followed by Canada and the U.K.