U.S. commercial space company Momentus has completed the requirements of a 2021 national security agreement with the Committee on Foreign Investment in the U.S., the company announced last week.

The Treasury Department should “carefully scope” its proposed new outbound investment restrictions (see 2308090066 and 2310050035) to ensure U.S. capital does not help China’s military develop its artificial intelligence capabilities, a U.S. congressional commission heard this month.

The Biden administration’s proposal to impose new restrictions on U.S. investment in certain Chinese technology sectors is a complex undertaking that will be difficult to implement, a former Treasury Department official said on Jan. 30.

The Government Accountability Office announced on Jan. 23 that it has published a restricted report, “Foreign Investment in the U.S.: Efforts to Mitigate National Security Risks Can Be Strengthened.”

USDA needs to improve how it collects, tracks and shares information on foreign investment in U.S. farmland, the Government Accountability Office wrote in a report released on Jan. 18.

Senate Banking Committee Chairman Sherrod Brown, D-Ohio, said Jan. 18 that he remains committed to passing two China-related investment measures that failed to become law last year.

A congressional proposal to allow the Committee on Foreign Investment in the U.S. to reopen or alter previously mitigated transactions when national security risks have increased would discourage foreign investment in the United States, an expert at the Center for a New American Security said in written comments posted Jan. 4.

The Committee on Foreign Investment in the U.S. is adding staff and becoming more active amid growing concern about China, Dechert said in a client alert.

U.S. Steel Corp. and Japan’s Nippon Steel Corp., which recently agreed to a merger, plan to ask the Committee on Foreign Investment in the U.S. to review their proposed deal, U.S. Steel said on Dec. 21.

At least seven Democratic and Republican lawmakers are urging the Committee on Foreign Investment in the U.S. to oppose or scrutinize the proposed acquisition of U.S. Steel Corp by Japan-based Nippon Steel Corp., saying the $14.9 billion deal raises serious economic and national security concerns.