CFIUS Frequently Asked Questions

These questions and answers highlight key issues and topics related to the procedures and practices of CFIUS. They are intended only as general information to assist parties that have submitted or may in the future submit transactions to CFIUS for assessment or review. Transaction parties must comply with the full legal requirements concerning foreign investment into the United States as set forth in applicable statutes, Executive Orders, and implementing regulations.

Definitions and Common Acronyms in These FAQs

CFIUS or the Committee: Committee on Foreign Investment in the United States

CMS: Case Management System

EAR: Export Administration Regulations

FIRRMA: Foreign Investment Risk Review Modernization Act of 2018

FINSA: Foreign Investment & National Security Act of 2007

ITAR: International Traffic in Arms Regulations

NISPOM: National Industrial Security Program Operating Manual

Section 721: Section 721 of the Defense Production Act of 1950, as amended

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General Information on CFIUS Reviews


Background Information on FIRRMA


Post-FIRRMA Regulations


Control Transactions

Country Specification

Sensitive Personal Data


Real Estate

Case Management System


Using the CMS

Uploading Information Through the CMS

Party Administration

Pre-FIRRMA Transactions