WEBVTT

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As the Trump
administration implements

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its America First
Investment Policy,

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how can companies prepare
to navigate the changing climate

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for foreign investment
in the United States?

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In early 2025,

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the White House issued the
America First Investment Policy

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to provide direction
to the executive branch

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on foreign investment and
national security issues.

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The policy announces
that the United States is open

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to foreign investment from partners
and allies, which has been

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a consistent message throughout
presidential administrations.

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But this policy draw sharp lines
with respect to investment

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from China, and other
countries of concern.

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The US Treasury Department
is in the process of engaging

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in its fast track pilot program
for foreign investors

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who are repeat filers
with CFIUS.

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This pilot program includes
a new known investor portal

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to streamline

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the filing process for investors
from allied and partner countries.

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We should see results
from the pilot program in 2026.

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The policy also calls
for changing how CFIUS

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approaches mitigation agreements
with companies,

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which can be burdensome and time
consuming for all parties involved.

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We are closely monitoring
how CFIUS changes

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its approach to mitigation.

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Companies should know
that under the

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America First Investment Policy,
the administration signaled

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its intent to review the outbound
investment security program.

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The regulations implementing

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this program are administered
by the Treasury Department,

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and have been in effect
since January 2025.

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With enactment of the

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Comprehensive Outbound Investment
National Security Act of 2025,

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The Outbound Investment
Security Program

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will be codified and expanded,
and we also can expect

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the Treasury Department
to promulgate new regulations.

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The CFIUS process is complex
and requires a broad understanding

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of the focus and priorities
of its member agencies.

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Our team at Latham

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brings a wealth of experience
with CFIUS,

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outbound investment,

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and the potential impacts
of these regimes on a transaction.

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We help clients

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navigate the process effectively
and make informed decisions.

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I’m Ruchi Gill.

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I previously served
with the US Senate

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Committee on Foreign Relations

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and the U.S. Department of State.

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At Latham,
I advise clients on complex

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national security regulatory issues

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involving CFIUS, export
controls, and economic sanctions.