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CFIUS Releases 2021 Annual Report

International Trade and Investment Alert™ | August 4, 2022

The Committee on Foreign Investment in the United States ("CFIUS") recently delivered its unclassified Annual Report to Congress for the calendar year 2021 (“Annual Report”). CFIUS continued to be very busy, as reflected in the high number of notices and declarations filed, as well as its monitoring of non-notified transactions. This is the second annual report to contain data on the voluntary declaration process, which began on February 13, 2020 and allows for short-form filings, pursuant to the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”). The number of declarations and notices filed in 2021 both reached an all-time high, as did the number of notices withdrawn and refiled. The percentage of notice filings that proceeded to the investigation phase remained consistent with recent years, and CFIUS was responsible for scuttling nine deals in 2021.

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icon FIUS Annual Report 2021.pdf

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