A draft bill aims to double the number of national security considerations that justify an investigation into foreign deals for US-based firms.

A draft US bill is set to strengthen the delegated body responsible for examining foreign-led deals for US-based businesses that could potentially threaten national security. The Foreign Investment Risk Review Modernization Act (Firra) would expand the remit of the Committee on Foreign Investment in the US (CFIUS), an interagency inspection body mainly for inbound mergers…

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