Bass, Berry & Sims attorney Thad McBride commented about the impact the government shutdown is having on deals that require review and approval by the Committee on Foreign investment in the United States (CFIUS). CFIUS is the interagency committee authorized to review transactions involving foreign investment in the United States to determine the effect of such transactions on national security.
Due to the shutdown, many deals are now on hold and observers anticipate a backlog that could deter foreign investment in the United States. As Thad noted in the Bloomberg article, “You could definitely get a glut of filings that slow down the review process pretty significantly once CFIUS is back in operation.”
The full article, “Deals Needing Security Reviews on Hold as U.S. Shutdown Persists,” was published by Bloomberg Law on January 11, 2019, and is available online (subscription required).