![]() companies that support critical infrastructure, develop critical technologies, or handle sensitive personal data. The Foreign Investment Risk Review Modernization Act (FIRRMA) 10, which garnered bipartisan support, extends CFIUS review to minority investments in U.S.T his follows a May 2019 Executive Order, which affords the Secretary of Commerce similar authorities regarding the Information and Communications Technology and Services Supply Chain, with updated implementing regulations expected soon.In May 2020, the White House released an Executive Order on Securing the United States Bulk-Power System, which authorizes the Secretary of Energy to block bulk-power system electric equipment supplied by persons owned by, controlled by, or subject to the jurisdiction or direction of a foreign adversary.Government agencies are implementing a number of new authorities to restrict investments, procurements, suppliers, exports and other transactions involving high-risk software. How is this changing procurement and investment reviews? New cybersecurity and privacy requirements in countries like China and Russia are engendering increasing concerns that such authorities could be leveraged to identify and later exploit vulnerabilities in technologies developed or marketed in those jurisdictions, irrespective of where those technologies reside. ![]()
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