Foreign Investment in the U.S.: CFIUS Compliance and Regulatory Trends

Zachary C. Rozen
Zachary C. Rozen | Pillsbury Winthrop Shaw Pittman LLP

Zach enables clients across multiple industries to engage in cross-border business, investment and trade by advising them on sanctions, export controls and national security matters.

On-Demand: February 19, 2025

1.5 hour CLE

Tuition: $195.00
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Program Summary

This program will provide an in-depth exploration of the latest trends shaping foreign investment and cross-border M&A in the U.S. This CLE program will provide a comprehensive analysis of the regulatory landscape, focusing on key developments in the Committee on Foreign Investment in the United States (CFIUS) enforcement, compliance, and emerging rules. Attendees will gain practical insights into navigating the complexities of foreign investment reviews, including strategies to mitigate risks and ensure compliance with evolving regulations.

Key topics to be discussed:

  • CFIUS Enforcement, Compliance, and Best Practices for Cross-Border Deals
  • Export Controls and Technology Risks in National Security
  • Industry-Specific Sanctions and National Security Considerations in Trade

Closed-captioning available

Speakers

Zachary C. Rozen_myLawCLEZachary C. Rozen | Pillsbury Winthrop Shaw Pittman LLP

Zach enables clients across multiple industries to engage in cross-border business, investment and trade by advising them on sanctions, export controls and national security matters.

Zach has an extensive knowledge of all aspects of U.S. international trade regulations. He leverages his past policy and national security experiences to counsel U.S., multinational and non-U.S. clients on navigating the constantly evolving U.S. sanctions programs and provides export-control regulatory guidance to manufacturers, energy companies, life sciences firms, the defense industry and multinational and emerging technology companies. He also represents U.S. and non-U.S. companies on all aspects of the U.S. national security review process before the Committee on Foreign Investment in the United States (CFIUS), including addressing structural and national security issues in the earliest stages of transaction planning.

Prior to joining Pillsbury, Zach worked as an international trade and transactional attorney at another law firm. He also worked as a law clerk for the United States Senate Committee on Commerce, Science, and Transportation. Zach has a dynamic background prior to his work in the law, having served in the intelligence community and on staff for senior congressional leadership.

Agenda

I. CFIUS Enforcement, Compliance, and Best Practices for Cross-Border Deals | 1:00pm – 1:30pm

  • CFIUS background and jurisdiction
  • Recent CFIUS enforcement actions and trends
  • Examination of the largest CFIUS fine to date
  • Discussion of the proposed rule expanding CFIUS’ penalty authority
  • Analysis of the new public list of CFIUS enforcement actions and its implications for foreign investors and U.S. businesses
  • Best practices for preparing for and engaging with CFIUS
  • Effective strategies for mitigating CFIUS-related risks in cross-border M&A deals
  • Insights into working with counsel to streamline CFIUS submissions and approvals
  • Discussion of newly enacted outbound investment regulations

II. Export Controls and Technology Risks in National Security | 1:30pm – 2:00pm

  • Navigating export control regulations for emerging technologies
  • Addressing risks in technology transfers and their impact on national security
  • Sector-specific compliance guidance in high-risk industries (e.g., energy, defense, life sciences, technology)

Break | 2:00pm – 2:10pm

III. Industry-Specific Sanctions and National Security Considerations in Trade | 2:10pm – 2:40pm

  • National security considerations when engaging in global trade and investment
  • Balancing compliance with business objectives in sensitive industries, such as defense, technology, and energy

Credits

Alaska

Approved for CLE Credits
1.5 General

Our programs are CLE-eligible through Alaska’s recognition of multi-jurisdictional reciprocity.
Alabama

Approved for Self-Study Credits
1.5 General

Arkansas

Approved for CLE Credits
1.5 General

Arizona

Approved for CLE Credits
1.5 General

California

Approved for CLE Credits
1.5 General

Colorado

Pending CLE Approval
1.5 General

Connecticut

Approved for CLE Credits
1.5 General

District of Columbia

No MCLE Required
1.5 CLE Hours

Delaware

Pending CLE Approval
1.5 General

Florida

Approved via Attorney Submission
2 General Hours

Receive CLE credit in Florida via attorney submission.
Georgia

Approved for CLE Credits
1.5 General

Hawaii

Approved for CLE Credits
1.8 General

Iowa

Pending CLE Approval
1.5 General

Idaho

Pending CLE Approval
1.5 General

Illinois

Approved for Self-Study Credits
1.5 General

Indiana

Approved for Self-Study Credits
1.5 General

Kansas

Pending CLE Approval
1.5 Substantive

Kentucky

Pending CLE Approval
1.5 General

Louisiana

Pending CLE Approval
1.5 General

Massachusetts

No MCLE Required
1.5 CLE Hours

Maryland

No MCLE Required
1.5 CLE Hours

Maine

Pending CLE Approval
1.5 General

Michigan

No MCLE Required
1.5 CLE Hours

Minnesota

Approved for Self-Study Credits
1.5 General

Missouri

Approved for CLE Credits
1.8 General

Mississippi

Pending CLE Approval
1.5 General

Montana

Pending CLE Approval
1.5 General

North Carolina

Pending CLE Approval
1.5 General

North Dakota

Approved for CLE Credits
1.5 General

Our programs are CLE-eligible through North Dakota’s recognition of multi-jurisdictional reciprocity. Section 1, Policy 1.14
Nebraska

Pending CLE Approval
1.5 General

myLawCLE reports attendance to Nebraska on each attorney’s behalf for all programs. Please do not self-report.
New Hampshire

Approved for CLE Credits
90 General Minutes

As of July 1, 2014, the NHMCLE Board no longer provides pre- or post-approval of courses. Attendees must self-determine whether a program is eligible for credit, and self-report their attendance online at www.nhbar.org, based on qualification provisions of Rule 53.
New Jersey

Approved for CLE Credits
1.8 General

Our programs are CLE-eligible through New Jersey’s recognition of multi-jurisdictional reciprocity, except for the courses required under BCLE Reg. 201:2
New Mexico

Approved for Self-Study Credits
1.5 General

Nevada

Approved for Self-Study Credits
1.5 General

New York

Approved for CLE Credits
1.8 General

Our programs are CLE-eligible through New York’s Approved Jurisdiction Group “B”.
Ohio

Approved for Self-Study Credits
1.5 General

Oklahoma

Pending CLE Approval
2 General

Oregon

Pending CLE Approval
1.5 General

Pennsylvania

Approved for CLE Credits
1.5 General

Rhode Island

Pending CLE Approval
2 General

South Carolina

Pending CLE Approval
1.5 General

South Dakota

No MCLE Required
1.5 CLE Hours

Tennessee

Approved for Self-Study Credits
1.5 General

Texas

Approved for CLE Credits
1.5 General

Utah

Pending CLE Approval
1.5 General

Virginia

Not Eligible
1.5 General Hours

Vermont

Approved for CLE Credits
1.5 General

Washington

Approved via Attorney Submission
1.5 Law & Legal Hours

Receive CLE credit in Washington via Attorney Submission. myLawCLE will supply Washington state attorneys with instructions on how to gain credit.
Wisconsin

Approved for Self-Study Credits
1.5 General

West Virginia

Pending CLE Approval
1.8 General

Wyoming

Pending CLE Approval
1.5 General

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