Treasury Issues Annual CFIUS Report to Congress

The Treasury Department released its annual report to Congress for 2019 last month on the Committee on Foreign Investment in the U.S., outlining CFIUS statistics, key judgments and an overview of transactions reviewed by the committee. CFIUS said 231 notices were filed last year, roughly the same number of notices filed in 2017 and 2018, which were 237 and 229, respectively. CFIUS took an average of 45 days to complete a review of covered transactions and 85 days to complete an investigation in 2019, the report said. The report also notes a drop in investigations -- CFIUS conducted 113 investigations in 2019 after conducting 158 in 2018 and 172 in 2017.