Foreign Direct Investment and U.S. National Security: Proposed Revisions to the CFIUS Law and its Procedures


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When: Jan 16 2018 - 7:15am until Jan 16 2018 - 8:15am
Where: Bank of Hawaii, Downtown Branch

The Committee on Foreign Investments in the United States (CFIUS), a little-known entity based in the Treasury Department since 1988, has reviewed and approved billions of dollars of in-bound foreign investments and acquisitions for their potential impact on U.S. national security. Recently, as the volume of such deals has risen and as a higher proportion of them have begun to come from China, critics of the existing CFIUS law have demanded major legislative and regulatory changes to allow CFIUS to review and block more such foreign investment activity, including the Foreign Investment Risk Review Modernization Act of 2017 (FIRRMA) already introduced in Congress. The Trump Administration also seeks more changes to the CFIUS process, as noted in its new National Security Strategy.  International attorney Nelson Dong will talk about how these potentially profound changes in U.S. law and international investment flows might affect U.S. states, particularly those on the Pacific Rim.

Nelson Dong is a Senior Partner at Dorsey & Whitney LLP, Seattle, Washington where he is Head of its National Security Group and Co-Head of its Asia Group. Nelson has handled dozens of CFIUS cases, representing both U.S. and foreign companies for 30 years. He was an export control policy advisor to the Commerce Department under two Presidents and has written and taught regularly about CFIUS, export controls and economic sanctions. He has also worked on U.S.-China legal matters for decades and is a director of the National Committee on U.S.-China Relations.  He was a White House Fellow and Special Assistant to the Attorney General and Deputy Associate Attorney General in the Carter Administration.  Nelson is a member of the Council on Foreign Relations and the Committee of 100.  He is a graduate and former trustee of Stanford University and holds a J.D. from the Yale Law School.

Attendance at this event is by invitation only.

This EWC Asia Pacific Breakfast Briefing is sponsored by the Bank of Hawaii.