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Article: Amendments To Exon-Florio Process Made By The Foreign Investment And National Security Act Of 2007 May Have A Chilling Effect On Foreign Investment In The United States.(George W Bush)(Column)
- Article from:
- Mondaq Business Briefing
- Article date:
- August 23, 2007
- Author:
CopyrightCOPYRIGHT 2007 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On July 26, 2007, President Bush signed into law the Foreign Investment and National Security Act of 2007 ("FINSA"), which makes significant changes to the foreign investment review process contained in the Exon-Florio amendment to the Defense Production Act. FINSA will become effective on October 24, 2007 and implementing regulations must be adopted no later than April 21, 2008. This political compromise has the potential to discourage foreign investment in the United States by:
Broadening the scope of the existing review process;
Prompting increased numbers of formal investigations of proposed foreign investments as well as heightened scrutiny of those ...