Podcasts about firrma

(0:00) Intro(1:43) About the podcast sponsor: The American College of Governance Counsel(2:29) Start of interview(3:11) Ben's origin story(9:39) His start at Cravath in 2010(10:54) His time at the U.S. Treasury Department and the White House. (15:04) About CFIUS.  Reforms from FIRRMA (2018). Control transactions and minority investments in critical technologies, critical infrastructure, or sensitive personal data.(24:45) Trends in transaction reviews. CFIUS Annual Report to Congress – CY 2023(30:00) Presidential prohibitions under CFIUS. (32:23) CFIUS and crypto.(34:02) The TikTok case.(36:14) Restrictions on outbound investments in China: AI, semiconductors, and quantum computing.(42:13) De-risking vs de-coupling from China. Geopolitics and the boardroom.(44:40) Industrial policies.(47:21) Advice for corporate directors on national security matters.(49:30) Books that have greatly influenced his life:Wind, Sand and Stars by Antoine de Saint-Exupery (1939)Elements of Style by Strunk and White (1918)(51:46) His mentors. (53:04) Quote that he thinks of often or lives his life by. The "Spirit of Liberty" Speech Judge Learned Hand (1944)(54:34)  An unusual habit or absurd thing that he loves.(55:42) The person he most admires. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

0:00 -- Intro.1:42 -- Start of interview.3:31 -- Mario's "origin story". 9:25 -- The origin, evolution and impact of CFIUS. "The (regulatory) process is the bottle, national security is the wine." The driver of CFIUS is national security.13:11 -- On the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). 18:18 -- His recommendation on how boards should think about CFIUS matters.  His book: "A Dealmaker's Guide to CFIUS: Answers to Common Questions from Boards, Bankers and Investors." 21:40 -- On the new CFIUS Enforcement Guidelines (Fall 2022). "Since FIRRMA, CFIUS has been significantly resourced by the U.S. Government and today there is an independent office within CFIUS that is entirely focused on transactions that were not notified to the Committee." (see CFIUS annual reports to Congress). There are hundreds of transactions reported per year at this stage.25:58 -- The proposed outbound investment screening regulatory framework. "[It may impact] a U.S. person sitting in a Chinese board (for example)." "The U.S. has jurisdiction over U.S. capital, U.S. persons, U.S. technology, etc and the U.S. wants to slow down adversary countries." "We will know a lot more about this framework by the end of February 2023 when the report comes out."29:47 -- On the different approaches to industrial policies by China and the U.S. The Chips and Science Act and IRA Act of 2022.36:36 -- On how boards should consider geopolitical risks and opportunities ("how to optimize outcomes"): Three questions to consider: 1) The U.S.- China relationship, 2) What the US is doing with its allies / What China is doing with its allies, and 3) What are national governments doing to independently enhance their own sovereignty and security resilience.39:17 -- On US jurisdiction over U.S. foreign-listed companies. Example of Canada ordering divestment from Chinese investments in Canadian lithium companies.43:30 -- Final thoughts for directors on geopolitics and national security issues. 44:24 - The books that have greatly influenced his life: Moby Dick, by Herman Melville (1851)The Closing of the American Mind, by Allan Bloom (1987)45:56 - His mentors, and what he learned from them. Donald Rumsfeld (former U.S. Secretary of Defense)Aviva Diamant (retired, Fried Frank)Norm Augustine (former Chairman and CEO of Lockheed Martin)48:20 -  Quotes he thinks of often or live his life by. From his mother "This is the day the Lord has made; let us rejoice.” (psalms)49:05 - An unusual habit or an absurd thing that he loves: early rising and journaling at a coffee shop or diner.50:06 - The living person he most admires: his dad.Mario Mancuso is a Partner of Kirkland & Ellis and leads the firm's international trade and national security practice. A former senior member of the President's national security team, Mario provides strategic and legal advice to companies, private equity sponsors, and financial institutions operating or investing across international borders.__ You can follow Mario on social media at:Twitter: @MancusoOnlineLinkedIn: https://www.linkedin.com/in/mariomancuso/__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Mon, 25 Jul 2022 09:05:13 +0000 https://jungeanleger.podigee.io/287-wiener-borse-plausch-s277 a8861a50df7fe30286b6906b09ab8a8c Die Wiener Börse Pläusche sind ein Podcastprojekt von Christian Drastil Comm. Unter dem Motto „Market & Me“ berichtet Christian Drastil über das Tagesgeschehen an der Wiener Börse. In Folge S2/77 geht es ein wenig um ein Sondersetup, die Nachrichten des Tages werden von meiner smarten Kollegin Petra gesprochen. Diese sind: Knaus Tabbert, Addiko, Pierer Mobility, Verbund, Erste Group, RBI. Zum Schluss habe ich ein Dividenden-Thema angesprochen, das besonders für Österreich gilt. Wenn man sich zB die letzten 15 Jahre ansieht (also die Phase nach dem ATX High), so ist rund die Hälfte der Aktien auch Total Return im Minus. Trotzdem wurden fette Dividenden bezahlt, die jedes Mal die brutale KESt von 27,5 Prozent auslösten. Mir persönlich ist ein steigender Aktienkurs wichtiger als hohe Ausschüttungen, denn man müsste ja mit dem Geld was anzufangen wissen in der Firrma. Zinseszins gab es zuletzt kaum, ausser man ist wieder in die Aktie gegangen. Und: Larissa Kravitz streicht eine andere Dividenden-Facette heraus: Zu hören ca. ab Minute 35:00 unter https://boersenradio.at/page/playlist/2025 . Die 2022er-Folgen vom Wiener Börse Plausch sind präsentiert von Wienerberger, CEO Heimo Scheuch hat sich im Q4 ebenfalls unter die Podcaster gemischt: https://open.spotify.com/show/5D4Gz8bpAYNAI6tg7H695E. Co-Presenter im Juli ist bank99, da werden wir im Monatsverlauf einiges bringen. Der Theme-Song, der eigentlich schon aus dem Jänner stammt und spontan von der Rosinger Group supportet wurde: Sound & Lyrics unter http://www.boersenradio.at/page/podcast/2734 . Risikohinweis: Die hier veröffentlichten Gedanken sind weder als Empfehlung noch als ein Angebot oder eine Aufforderung zum An- oder Verkauf von Finanzinstrumenten zu verstehen und sollen auch nicht so verstanden werden. Sie stellen lediglich die persönliche Meinung der Podcastmacher dar. Der Ha del mit Finanzprodukten unterliegt einem Risiko. Sie kön nen Ihr eingesetztes Kapital verlieren. 287 full no Christian Drastil Comm.

Episode 4: Global Foreign Investment Podcast Series Since 1988, the Committee on Foreign Investment in the United States (CFIUS) has been a leader in conducting national security-focused reviews of inbound foreign investments. In 2018, the scope and process of CFIUS reviews changed dramatically with the enactment of the Foreign Investment Risk Review Modernization Act (FIRRMA), the first change to the law governing CFIUS since 2007. In the fifth podcast in our series with the leaders implementing foreign investment review processes around the world, Jonathan Gafni, head of Linklaters US Foreign Investment practice in Washington and former member of CFIUS, welcomes Thomas Feddo, founder and principal of Rubicon Advisors. Previously, as Assistant Secretary of the Treasury for Investment Security, Mr. Feddo led CFIUS during its implementation of FIRRMA. Topics discussed during the podcast include: The effectiveness of FIRRMA in meeting CFIUS's substantive and administrative objectives Hurdles encountered during the development of the regulations implementing FIRRMA Challenges facing Paul Rosen, Mr. Feddo's recently confirmed successor as Assistant Secretary for Investment Security Proposed U.S. legislation to create a “reverse CFIUS” reviewing national security implications of outbound U.S. investments The interplay between sanctions regimes and CFIUS

Episode 4: Global Foreign Investment Podcast Series Since 1988, the Committee on Foreign Investment in the United States (CFIUS) has been a leader in conducting national security-focused reviews of inbound foreign investments. In 2018, the scope and process of CFIUS reviews changed dramatically with the enactment of the Foreign Investment Risk Review Modernization Act (FIRRMA), the first change to the law governing CFIUS since 2007. In the fifth podcast in our series with the leaders implementing foreign investment review processes around the world, Jonathan Gafni, head of Linklaters US Foreign Investment practice in Washington and former member of CFIUS, welcomes Thomas Feddo, founder and principal of Rubicon Advisors. Previously, as Assistant Secretary of the Treasury for Investment Security, Mr. Feddo led CFIUS during its implementation of FIRRMA. Topics discussed during the podcast include: The effectiveness of FIRRMA in meeting CFIUS's substantive and administrative objectives Hurdles encountered during the development of the regulations implementing FIRRMA Challenges facing Paul Rosen, Mr. Feddo's recently confirmed successor as Assistant Secretary for Investment Security Proposed U.S. legislation to create a “reverse CFIUS” reviewing national security implications of outbound U.S. investments The interplay between sanctions regimes and CFIUS

The Committee on Foreign Investment in the United States (CFIUS) published new rules in 2020 significantly expanding CFIUS jurisdiction over certain types of investments. Often called a “black box,” CFIUS assesses the potential national security risks of investments in the U.S. and operates in a classified environment. To peel back the curtain, we sit down with two longtime leaders of the CFIUS committee Aimen Mir and Colin Costello and discuss the substantive changes and new powers conferred by FIRRMA and CFIUS strategy for businesses under the Biden administration.

U.S.-China competition continues to re-shape the way the global economy is governed. After a significant overhaul of foreign investment screening regimes in the United States (e.g., FIRRMA) and globally, there is now legislation circulating the halls of Congress that would initiate additional screening for U.S. outbound investment to China and other countries of concern. Such legislation faces opposition from some industry groups, yet there appears to be support on the Hill and in the White House for tools that would increase control over U.S. critical supply chains and technology transfer. On January 26, the National Committee hosted a virtual program with Rhodium partner and lead author of the latest U.S.-China Investment Project report Thilo Hanemann, along with Giovanna Cinelli, Nargiza Salidjanova, and Eric Zheng, each with deep experience in investment law, Congress, and U.S.-China business, respectively. The panelists contextualized the genesis of D.C.'s greater scrutiny on U.S. outbound investment and explored far-reaching implications of potential outbound investment restrictions.

With a new U.S. presidential administration all but confirmed, all eyes now are on how a Biden presidency will differ from its predecessor in terms of its policies towards China. Jeremy Zucker and Yang Wang discuss FDI flows between the two countries, the outlook for cross-border M&A, the potential policy tools used by the Biden administration in this area, and more. Today's episode is the first of a two-part special looking at what a Biden administration could mean for U.S.-China business and investment. Next week's episode will cover U.S.-China trade and sanctions policies. Jeremy Zucker is co-chair of Dechert's International Trade and Government Regulation practice based in Washington, D.C. He has extensive experience advising on national security reviews of FDI by the Committee on Foreign Investment in the United States (CFIUS). Yang Wang is managing partner of Dechert's Beijing office who focuses his practice on cross-border M&A, private equity, venture capital investments and capital markets. The China Law Podcast is a weekly podcast exploring China's business and financial sectors from a legal perspective, hosted by Vincent Chow. Get in touch at vchow@alm.com with any feedback and ideas for future episodes. Episode Outline 02:47 CFIUS powers expanded by FIRRMA, scrutiny on critical technologies 07:55 Differences in means rather than ends 09:56 Reversion of CFIUS to traditional norms 15:00 Paying close attention to initial days of Biden presidency 17:02 Foreign investment in China picking up recently 18:47 Impact of COVID-19 on PE/VC 20:20 New investment opportunities in high-tech sectors Related Content Chinese Investment in US Plummets Under Increased Scrutiny, But Not Impossible Podcast #14: CFIUS and its Impact on Chinese Investment in the US TikTok Given Little Room to Maneuver as Broad Fears of Chinese Surveillance Prevail

NXIVM Leader Sentenced- SCOTUS on WI, PA & NC Elections- Kavanaugh Swings?If you tuned into "The Vow" you might've heard of one Keith Reneire, who was just sentenced to 120 years in prison relating to his activities involving his self help group/cult.Supreme Court hands down some election related cases right before the ELECTION! See what #SCOTUS Justice is making us all scratch our heads. See how the Court's decision in Wisconsin compares to Pennsylvania and North Carolina.Listen to Punk Law 101: https://podcasts.apple.com/us/podcast/punk-law-101-a-legal-news-commentary-comedy-series/id1511678776Follow Walter: @BrojodeathpunchFollow the podcast: @Punklaw101Check out the Punk Law Minute videos!How Trump can force Tiktok's hand with the CFIUS- Exon-Florio, FINSA & FIRRMA! https://youtu.be/KEKWJVkOUyECan Trump Ban TikTok using IEEPA?: https://youtu.be/FlBhrOU867AMary Trump Book & Legal Battle: https://youtu.be/WdZ6cMwfDggTrump Subpoena cases explored!: https://youtu.be/QKFrdmipKxYSCOTUS! McGirt v Oklahoma, Trump v. Vance & Mazars- Punk Law 101- Creek Nation & Trump Subpoenas!: https://youtu.be/mRqUK4Og27QSCOTUS! On Robocalls & Electoral College! - Future of the National Vote Compact?https://youtu.be/PncZPSZzwbAUSPTO v. Booking.com- Trademark Law Case: https://youtu.be/ppAXaZUk4n0Washington NFL Team Trademark Issue: https://youtu.be/4yJEUL_h3tICan Donald Trump (Constitutionally) delay the election?: https://youtu.be/ghMHmUNezIcNick Sandmann Defamation Settlement (Covington Catholic):https://youtu.be/_6hK3DklyXk

Will making a TikTok video with my Huawei phone from a government office land me in policy jail? Open source code is developed all over the world. Systems & components are built by multiple people in different locations and collectively become the tech we all use every single minute. So how can we secure, inspect, manage, or shut things down (when needed) when trusting technology has gone global? In this episode, we get expert legal counsel and policy guidance on how to tackle challenges we face from China and beyond. If you’re confused by things like CFIUS, 889, NDAA, FIRRMA, or Bruce Willis – we’ve got you covered in this episode.

Amy Coney Barrett Confirmation Hearings- Court Packing!-The 25th Amendment- The plot to kidnap the Governor of MichiganThe Judiciary Committee hearings were last week and all we heard about was originalism and Sasha Barrett Amy Cohen, Trump's new appointee to the Supreme Court.Also, we go over what Court Packing is, the 25th Amendment and how Pelosi wants to enact a law in furtherance of it. Then we talk about the plot to kidnap the governor of Michigan!Listen to Punk Law 101: https://podcasts.apple.com/us/podcast/punk-law-101-a-legal-news-commentary-comedy-series/id1511678776Follow Walter: @BrojodeathpunchFollow the podcast: @Punklaw101Check out the Punk Law Minute videos!How Trump can force Tiktok's hand with the CFIUS- Exon-Florio, FINSA & FIRRMA! https://youtu.be/KEKWJVkOUyECan Trump Ban TikTok using IEEPA?: https://youtu.be/FlBhrOU867AMary Trump Book & Legal Battle: https://youtu.be/WdZ6cMwfDggTrump Subpoena cases explored!: https://youtu.be/QKFrdmipKxYSCOTUS! McGirt v Oklahoma, Trump v. Vance & Mazars- Punk Law 101- Creek Nation & Trump Subpoenas!: https://youtu.be/mRqUK4Og27QSCOTUS! On Robocalls & Electoral College! - Future of the National Vote Compact?https://youtu.be/PncZPSZzwbAUSPTO v. Booking.com- Trademark Law Case: https://youtu.be/ppAXaZUk4n0Washington NFL Team Trademark Issue: https://youtu.be/4yJEUL_h3tICan Donald Trump (Constitutionally) delay the election?: https://youtu.be/ghMHmUNezIcNick Sandmann Defamation Settlement (Covington Catholic):https://youtu.be/_6hK3DklyXkFull Playlist:https://www.youtube.com/playlist?list=PLu8rjs_AKBSUe2OEedZAalOoJash8h2k-

The US Department of Treasury issued the final CFIUS/FIRRMA regulations on its foreign investment on 13 January 2020, effective 13 February 2020. While it is far from the only country that has re-examined its stance on foreign direct investment, this move by one of the biggest economies worldwide has made a discussion on the topic timely, if not necessary. In this episode of TMT Talk, Lothar Determann, Anahita Thoms, and Rod Hunter share their views on the policies that different countries employ to tackle the question of foreign direct investment, how these policies reflect a tech-intensive world, and what tech companies now need to consider in light of this emergent form of globalization.

John Yoo, Mark MacCarthy, and I kick off episode 329 of the Cyberlaw Podcast diving deep into what I call the cyberspace equivalent of a dumpster fire. There is probably a pretty good national security case for banning TikTok. In fact, China did a lot better than the Trump administration when it declared, “You know that algorithm that tells all your kids what to watch all day? That's actually a secret national security asset of the People's Republic.” But the administration's process for addressing the national security issue was unable to keep up with President Trump's eagerness to announce some kind of deal. The haphazard and easily stereotyped process probably also contributed to the casual decision of a magistrate in San Francisco to brush aside US national security interests in the WeChat case, postponing the order on dubious first amendment grounds that John Yoo rightly takes to task.   Megan Stifel tells us that the bill for decoupling from China is going to be high – up to $50 billion if you listen to the Semiconductor Industry Association.    Speaking of big industry embracing big government, Pete Jeydel explains IBM's slightly jarring suggestion that the government should slap export controls on a kind of face recognition technology that Big Blue doesn't sell any more. Actually, when you put it like that, it kind of explains itself. Megan tells us that the House has passed a bill on the security of IOT devices. The bill, which has also moved pretty far in the Senate, is pretty modest, setting only standards for what the federal government will buy, but Megan has hopes that it will prove to be the start of a broader movement to address IOT security. I reprise three of the latest demonstrations of just how much Silicon Valley hates conservatives and how far it will go to suppress their speech.  My favorite is Facebook deciding that a political ad that criticizes transwomen competing in women's sports must be taken down because it lacks context. Unlike every other political ad since the beginning of time. Although Twitter's double standard for a “manipulated media” label is pretty rich too: Turns out that splicing Trump's remarks to make him say what the Biden camp is sure he meant is fair comment, but splicing a Biden interview so he says what the Trump camp is sure he meant is Evil Incarnate.  Finally, Megan rounds out the week with a host of hacker news. The North Koreans are in bed with Russian cybercrime gangs.  (I can't help wondering who wakes up with fleas.) The Iranians are stealing 2FA codes and some of them were indicted, though not apparently for the 2FA exploit.  And a long-running Chinese cybergang is indicted too.  Not that that will actually stop them, but it could be hard on their Malaysian accomplices, who are in jail, contemplating the value of government top cover. Our interview this week is with Michael Brown, a remarkably influential defense technologist. He's been CEO of Symantec, cowrote the report that led to passage of FIRRMA and the transformation of CFIUS, and now runs the Defense Innovation Unit in Silicon Valley. He explains what DIU does and some of the technological successes it has already made possible. And more! Oh, and we have new theme music, courtesy of Ken Weissman of Weissman Sound Design.  Hope you like it! Download the 329th Episode (mp3) You can subscribe to The Cyberlaw Podcast using iTunes, Google Play, Spotify, Pocket Casts, or our RSS feed. As always, The Cyberlaw Podcast is open to feedback. Be sure to engage with @stewartbaker on Twitter. Send your questions, comments, and suggestions for topics or interviewees to CyberlawPodcast@steptoe.com. Remember: If your suggested guest appears on the show, we will send you a highly coveted Cyberlaw Podcast mug! The views expressed in this podcast are those of the speakers and do not reflect the opinions of their institutions, clients, friends, families, or pets.

Delaying the Election, Tiktok Ban/Forced Sale & Teaching the Law with dick jokes!We are back after a slight delay- Walter & John go into further detail on Trump's war with Tiktok- can he ban it using the International Emmergency Economic Powers Act? What about the CFIUS? Also, Trump suggests delaying the election but the silver lining is- he has no say in whether the elections move forward!Finally Walter goes into a new bit he is working on teaching the elements of defamation using dick jokes!Listen to Punk Law 101: https://podcasts.apple.com/us/podcast/punk-law-101-a-legal-news-commentary-comedy-series/id1511678776Follow Walter: @BrojodeathpunchFollow the podcast: @Punklaw101Check out the Punk Law Minute videos!How Trump can force Tiktok's hand with the CFIUS- Exon-Florio, FINSA & FIRRMA! https://youtu.be/KEKWJVkOUyECan Trump Ban TikTok using IEEPA?: https://youtu.be/FlBhrOU867AMary Trump Book & Legal Battle: https://youtu.be/WdZ6cMwfDggTrump Subpoena cases explored!: https://youtu.be/QKFrdmipKxYSCOTUS! McGirt v Oklahoma, Trump v. Vance & Mazars- Punk Law 101- Creek Nation & Trump Subpoenas!: https://youtu.be/mRqUK4Og27QSCOTUS! On Robocalls & Electoral College! - Future of the National Vote Compact?https://youtu.be/PncZPSZzwbAUSPTO v. Booking.com- Trademark Law Case: https://youtu.be/ppAXaZUk4n0Washington NFL Team Trademark Issue: https://youtu.be/4yJEUL_h3tICan Donald Trump (Constitutionally) delay the election?: https://youtu.be/ghMHmUNezIcNick Sandmann Defamation Settlement (Covington Catholic):https://youtu.be/_6hK3DklyXkFull Playlist:https://www.youtube.com/playlist?list=PLu8rjs_AKBSUe2OEedZAalOoJash8h2k-0 USC 1701 (IEEPA) authorizes the president to declare the existence of an "unusual and extraordinary threat... to the national security, foreign policy, or economy of the United States" that originates "in whole or substantial part outside the United States." It authorizes the president, after such a declaration, to block transactions and freeze assets to deal with the threat. (For more info see https://fas.org/sgp/crs/natsec/R45618.pdf)Falls under the umbrella of the National Emergencies Act (NEA) in 1976 50 U.S.C. § 1601 et seq Presidents may invoke IEEPA under the procedures set forth in the NEA- the NEA requires that the President “immediately” transmit the proclamation declaring the emergency to Congress and publish it in the Federal Register. Congress must review every 6 months. “ IEEPA requires that the President consult with Congress “Once the President declares a national emergency invoking IEEPA, he or she must immediately transmit a report to Congress specifying:(1) the circumstances which necessitate such exercise of authority;(2) why the President believes those circumstances constitute an unusual and extraordinarythreat, which has its source in whole or substantial part outside the United States, to thenational security, foreign policy, or economy of the United States;(3) the authorities to be exercised and the actions to be taken in the exercise of thoseauthorities to deal with those circumstances;(4) why the President believes such actions are necessary to deal with those circumstances;and(5) any foreign countries with respect to which such actions are to be taken and why suchactions are to be taken with respect to those countries.Bernstein v. US Department of Justice (9th Circuit) Junger v. Daley (6th Circuit)

The Legal Team discusses FIRRMA.

美中冷戰下的美國兩大貿易政策: 1) 外國投資風險審核更新法，簡稱 FIRRMA，主旨是在管制中國對美國敏感產業的投資以及掏空。2) 出口管制條例 (Export Administration Regulations; EAR) 第三項禁令修正案 (Amendments to General Prohibition 3)，又稱外國製造美國科技產品規範 (Foreign-Produced Direct Product Rule)。基本上該條例限制對中國的華為公司以及任何華為的關係企業，出口晶片、積體電路等半導體相關的美國科技，切斷華為的命脈。In this episode, we will discuss two major US policies that are implemented to curb China's illicit efforts to take advantage of America's free market economy and steal sensitive US technology. Foreign Investment Risk Review Modernization Act (FIRRMA) and Foreign-Produced Direct Product Rule are the two policies of interest in this show.

On this episode of the Business Podcast, sponsored by Bell, our guests include “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of the Teal Group consultancy and Sash Tusa of Agency Partners, as well as Chris Griner and Tatiana Sullivan, attorneys from of Stroock, Stroock & Lavan  Topics: — Analysis of Phase One US-China trade deal and impact on leading manufacturers like Boeing — Chinese air traffic figures and implications for new jet orders — Bombardier’s 2019 guidance and outlook for A220 jetliner and Global Express business jet line — New software issues with Boeing’s 737 Max airliner and investor concerns whether plane will ever return to service — Financial impact of prolonged Max grounding on Boeing — Update on Australia’s ambitious program — awarded to France’s DCNS in 2016— to modernize the nation’s submarine force — Thales-Alenia’s big geostationary satellite wins in 2019 — Decision by France’s Dassault to slow production of Rafale fighter aircraft as part of strategy to win Indian and Swiss orders — New Committee on Foreign Investment in the United States regulations as called for in the Foreign Investment Risk Review Modernization Act of 2018, or FIRRMA

When innovation and capital go global, so do restrictions on trade, foreign investment, and more. Over the past couple years, U.S. policymakers have expanded the scope of the Committee on Foreign Investment in the U.S. (CFIUS) through the Foreign Investment Risk Review Modernization Act (FIRRMA) of 2018 which was recently updated through proposed reforms this September 2019.So what does this all mean for tech founders taking investments from, or doing joint ventures with, foreign entities -- or just doing business globally in general? What does and doesn't CFIUS cover, and how might one structure partnerships strategically as a result? In this episode, a16z general partner Katie Haun interviews Michael Leiter (of law firm Skadden Arps) who specializes in CFIUS as well as matters involving U.S. national security and cybersecurity, cross-border transactions, aerospace and defense mergers and acquisitions, and government relations and investigations.The Q&A took place in September 2019 as part of an event hosted by Andreessen Horowitz. The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

On this episode of The Technology Policy Podcast, Jim Lewis sits down with David Hanke, one of the intellectual architects of the Foreign Investment Risk Review Modernization Act (FIRRMA). FIRRMA strengthened and modernized the Committee on Foreign Investment in the United States (CFIUS) in order to better address the national security concerns associated with certain foreign investment transactions. They discuss Hanke's work on FIRRMA as a lead policy advisor to Sen. John Cornyn; the importance of robust foreign investment review and export control policies for the 21st century to safeguard America's innovative and technological advantages; prospects for export control reforms that cover emerging technologies; and the United States' complex and evolving relationship with China.

On this episode of The Technology Policy Podcast, Jim Lewis sits down with David Hanke, one of the intellectual architects of the Foreign Investment Risk Review Modernization Act (FIRRMA). FIRRMA strengthened and modernized the Committee on Foreign Investment in the United States (CFIUS) in order to better address the national security concerns associated with certain foreign investment transactions. They discuss Hanke’s work on FIRRMA as a lead policy advisor to Sen. John Cornyn; the importance of robust foreign investment review and export control policies for the 21st century to safeguard America's innovative and technological advantages; prospects for export control reforms that cover emerging technologies; and the United States' complex and evolving relationship with China.

Proposed regulations, which will implement the Foreign Investment Risk Review Modernization Act ("FIRRMA") next year, revise the process for review of foreign investments and also reflect the U.S. government's evolving view of what sectors of the U.S. economy (such as real estate, life sciences, and data collection or maintenance) raise national security concerns and, as  result, will be subject to heightened scrutiny. Jones Day's Laura Fraedrich, Chase Kaniecki, and Justin Huff explain why a growing number of industries must consider FIRRMA's implications when structuring transactions involving non-U.S. investors.

Bobby Franklin of NVCA joins Nick to discuss Immigration, Privacy, and Foreign Investment -- The Biggest Threat to Venture is in Washington D.C.. In this episode, we cover: Backstory/path to Capitol Hill. You served as the Executive Vice President of CTIA --tell us a bit about that experience and how it led to NVCA. At NVCA - what's the mandate? What specific actions does the organization take in order to deliver on this mandate? You just wrapped up NVCA's annual VC's to DC conference this month-- What were the three most critical issues that Venture Capital is facing? I came across your article on TechCrunch about FIRRMA (the Foreign Investment Risk Review Modernization Act) and CFIUS (the Committee on Foreign Investment in the U.S.). Can you talk a bit about the issue the industry is facing and the key players? What suggestions do you have for VCs and high growth companies -- with exposure to FIRRMA and the expanded power of CFIUS? At the VCs to DC conference there was a panel on the rise of populism…Trends from trade to immigration, tax policy and cross-border financial flows, that are rapidly impacting global commerce - Can you talk a bit about these issues and their impact on the ecosystem? Currently large tech companies are under increased scrutiny in DC and policymakers are cracking down on data privacy regulation, antitrust enforcement, etc. Do you think this “techlash” is appropriate or not? What guidance or insight would you give entrepreneurs to ensure that their companies are operating within regulatory boundaries? Any other suggestions for the audience -- a mix of VCs, LPs, Angels and Founders -- on specific things we all can do to support this asset class in D.C.? To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.

The theme this week is China's growing confidence in using cyberweapons in new and sophisticated ways, as the U.S. struggles to find an answer to China's growing ambition to dominate technology. Our interview guest, Chris Bing of Reuters, talks about his deep dive story on Chinese penetration of managed service providers like HP Enterprise—penetration that allowed them access to hundreds of other companies that rely on managed service providers for most of their IT. Most chilling for the customers are strong suggestions that the providers often didn't provide notice of the intrusions to their customers—or that the providers' contracts may have prevented their customers from launching quick and thorough investigations when their own security systems detected anomalous behavior originating with the providers. Chris also tells the story of an apparent Five Eyes intrusion into Yandex, the big Russian search engine. Returning to China, in our News Roundup Nate Jones covers the latest in the U.S.-China trade war before diving into a Wall Street Journal article (by Kate O'Keeffe) that I call the Rosetta Stone for the last two years of cyber policymaking. Looking for the unifying theme in the lobbying fight over FIRRMA, the president's executive orders on cyber and sanctions on companies like Sugon? Look no further than AMD, its aggressive accommodation of China's ambitions in chip manufacture, and the Pentagon's desperate effort to thwart the company's plans. Nate and I also consider a possible new U.S. requirement that domestic 5G equipment be made outside China. What is China planning to do with all that cyber power? Jordan Cannon lays out one little-followed story in which China seems to have taken an election-tilting page straight out of Vladimir Putin's textbook. And Nate covers a newly patient Chinese hacking cadre willing to compromise a dozen telecomm companies for years just to collect metadata on as few as twenty telecomm customers. Speaking of metadata, David Kris explains why Congress is more exercised over National Security Agency's (NSA) access to American phone metadata than China's. Congress took the view that NSA should not collect the metadata of innocent Americans, even if it only searched the data when it had a legal basis for doing so. Instead, Congress constructed a new Section 215 program that depended on each telecomm company to do searches of data that remained in their hands. Unsurprisingly, the companies have done that badly, sending the wrong data to NSA on more than one occasion. Naturally, Congress now blames NSA for “overcollecting.”  Are you a conservative comforting yourself with the idea that Silicon Valley censorship is just a creature of platform monopoly that can be cured by more competition? Better stop reading the newspaper, as of last week. Two more conservative-hostile moves by Silicon Valley show that competition isn't likely to end virtue signaling in the Valley. After Google banned Project Veritas's video exposé of YouTube for, uh, privacy—that's it, privacy—violations, its distant No. 2 competitor Vimeo responded to the competitive opportunity by also banning the video for, uh, defamation or something. And when Twitter competitor Parler offered a home to conservatives, Apple reportedly threatened (at least briefly) not to distribute the app unless it kicked some unspecified bad actors off the service. Meanwhile, two Silicon Valley platforms that really do need at least a few conservatives were singing that famous C&W song, “I hate you. I need you. I hate that I need you.” And just to show their contempt for people they're afraid to shut down completely, Reddit “quarantined” their wildly popular subreddit r/the_donald over posts the moderators said they'd never seen or had reported to them. And Twitter announced that it planned to salve its SJW conscience while still profiting from Trump's tweets by attaching disapproving labels to them. Nate tries to hose me down, but it's too late.  Finally, in breaking news from 1993, David reports that the Trump Administration is considering an encryption crackdown but can't choose between a toothless statement of principles and a feckless proposal of legislation that will not pass. I offer the suggestion that the statement of principles will be enough to undercut Silicon Valley's campaign to stop encryption controls in countries like Australia, the UK and Germany. That's where controls will eventually come from, David and I agree. I'm looking forward to all those folks who told us that GDPR was just the voice of civilization calling across the Atlantic saying the same about European encryption mandates.   Download the 270th Episode (mp3).  You can subscribe to The Cyberlaw Podcast using iTunes, Google Play, Spotify, Pocket Casts, or our RSS feed! As always, The Cyberlaw Podcast is open to feedback. Be sure to engage with @stewartbaker on Twitter. Send your questions, comments, and suggestions for topics or interviewees to CyberlawPodcast@steptoe.com. Remember: If your suggested guest appears on the show, we will send you a highly coveted Cyberlaw Podcast mug! The views expressed in this podcast are those of the speakers and do not reflect the opinions of the firm.

Jones Day's Justin Huff, Laura Fraedrich, and Chase Kaniecki explain the role of CFIUS, discuss how provisions of the FIRRMA pilot program are affecting investment in the U.S., and talk about what to expect next in cross-border transaction oversight.

On Episode 26 of MH Business Exchange, McDonald Hopkins corporate and transactional attorney Jeff Van Winkle joins host Mike Witzke to to discuss CFIUS and how the new FIRRMA pilot program is impacting foreign investment into U.S. businesses that would not have previously been affected. They discuss what industries now fall into CFIUS, consider new guidelines for companies seeking foreign investment or acquisition to protect themselves from penalties that could equal the value of the transaction, and the future for cross-border transactions.

If your organization and its leadership have reached a point where you’re considering accepting foreign investment money, what do you need to know about recent changes in foreign investment control laws that might affect your decision making? In this episode, we cover what you need to know about the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) in order to remain compliant with modern foreign investment laws. I’m joined by Curt Dombek, a partner in the Government Contracts, Investigations & International Trade Practice Group at Sheppard Mullin. Curt divides his time between the firm's Brussels and Los Angeles offices. He currently serves on the Regulations and Procedures Technical Advisory Committee of the Department of Commerce. What We Discuss in This Episode: What are foreign control regulations and what is the Committee on Foreign Investment in the United States (CFIUS)? Why does foreign investment in US companies require greater scrutiny than investment in US real estate? What types of investments trigger mandatory filings under FIRRMA? What areas of technology fall under the purview of FIRRMA? How to distinguish passive investments from other involvements that affect more substantive decision making What led to increased scrutiny and the tightening of security against foreign investments? Should US companies be concerned with China and Europe seeking to advance in technology? How the current administration has changed the definition of national security How are similar investment rules developing in Europe and China? Is there concern that some country will use “national security” as an excuse to restrict trade? The 3 areas business executives should pay attention to the most when exploring foreign investments Resources Mentioned: US Foreign Investment Act Foreign Investment Risk Review Modernization Act of 2018 Export Administration Regulations Contact Information: Curt's Sheppard Mullin attorney profile c.dombek@sheppardmullin.com Thank you for listening! Don’t forget to SUBSCRIBE to the show to receive every new episode delivered straight to your podcast player every Wednesday. If you enjoyed this episode, please help us get the word out about this podcast. Rate and Review this show in Apple Podcasts, Stitcher Radio, or Google Play. It helps other listeners find this show. Be sure to connect with us and reach out with any questions/concerns: LinkedIn Facebook Twitter Sheppard Mullin website This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.

In this episode, Akin Gump international trade partners Tatman Savio and Christian Davis discuss the Committee on Foreign Investment in the U.S. (CFIUS) and how the new Foreign Investment Risk Review Modernization Act (FIRRMA) reforms and expands CFIUS’s reach and authority. Among the topics covered: the why and how of CFIUS’s reform phased implementation of FIRRMA FIRRMA’s impact on Chinese investors. For more information on Akin Gump’s CFIUS practice, please visit the CFIUS page on akingump.com.

On this episode of the Defense & Aerospace Report Interviews Podcast, sponsored by L3 Technologies, Chris Griner, a partner in the Washington office of the Stroock & Stroock & Lavan law firm, discusses the Foreign Investment Risk Review Management Act (or FIRRMA) and what it means for the future of the Committee on Foreign Investment in the United States (also known as CFIUS), national security and much more in a wide-ranging, Aug. 16, 2018, interview with Defense & Aerospace Report Editor Vago Muradian in Washington.

Congress recently passed and President Trump signed into law FIRRMA -- the most consequential update to the Committee on Foreign Investment in the United States (CFIUS) in 30 years. Scott Flicker, a partner in Paul Hastings’ Global Trade Controls practice discusses what might constitute a “threat to national security” or “foreign control,” what changes FIRRMA will bring to CFIUS, why they might be a good thing, and the most important action to take as not to run afoul of CFIUS when considering a cross-border transaction or foreign investment.

On August 13th, 2018 President Donald Trump signed the Foreign Investment Risk Review Modernization Act of 2018. FIRRMA aims to expand the powers of CFIUS, the Committee on Foreign Investment in the United States, an inter-agency council that has the power to block foreign investment to the US that is seen against American industries. FIRRMA expands … Continue reading "Putting National Security on FIRRMA ground?"

Brownstein attorney Travis Norton joins Strategic Advisor Mark Begich to provide an overview on the Committee on Foreign Investment in the United States (CFIUS) and how the Foreign Investment Risk Review Modernization Act (FIRRMA), currently moving through Congress, could expand the national security concerns that CFIUS is authorized to review. They also cover how CFIUS engages with export control laws, the regulatory work CFIUS will need to undertake if FIRRMA becomes law and the bipartisan concern in Congress to protect national security interests.