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Law360: Kassinger Testifies Before House Financial Services Committee on Proposed CFIUS ChangesJanuary 10, 2018
O’Melveny partner Theodore Kassinger was among a panel of five experts who recently testified at a House Financial Services Committee hearing about proposed legislation that would overhaul the Committee on Foreign Investment in the United States (CFIUS), the January 10, 2018, edition of Law360 reported.
“There are clear signs of stress in the CFIUS process,” Kassinger, a former deputy secretary for the US Department of Commerce, told lawmakers, according to Law360. “CFIUS faces many current challenges that were not present in 2007,” he added, pointing to the rise of China as a global adversary.
As the publication noted, however, the consensus among the panel was that the certain aspects of the proposed legislation, including expanding its oversight, would overburden CFIUS, an interagency committee that examines transactions for national security concerns that could result in control of a US business by a foreign entity.
Kassinger counsels US and foreign clients engaged in transnational business transactions, with an emphasis on international trade and investment regulatory matters. Calling on his more than 39 years of private practice and government experience, he provides regulatory, public affairs advocacy, and strategic counseling advice involving diverse issues of national security and international economic policy.