This summer, President Bush signed legislation reforming the interagency process for reviewing foreign acquisitions of U.S. corporate entities, about a year and a half after a public firestorm erupted over DP World’s proposed acquisition of P&O Ports.

The Foreign Investment and National Security Act of 2007 makes several significant reforms, including widening the scope of the “Exon-Florio” review process to cover transactions involving critical infrastructure, but the final bill signed into law on July 27 keeps Exon-Florio’s basic structure in place, and in so doing strikes an appropriate balance between protecting national security and welcoming foreign direct investment in the United States.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]