Invest in US - but only if we say so
National security has been of great concern to the US during the last two decades,even more so since 9/11. Six years on and the law relating to foreign investment has just been amended to review and restrict those outsiders who wish to invest in the States.Sara Utecht reports
Recent amendments to the Exon-Florio Act mean that foreign companies, including hedge funds looking to invest in the US, will now face more of a direct impact from the Committee on Foreign Investments in the United States (CIFUS).
After increasing concern over the activities of foreign investors in US companies related to national security, Congress has introduced the Foreign Investment and National Security Act (FINSA) rules broadening the definition of security-related companies.
Exon-Florio is
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