Rep. Arrington Introduces Bipartisan Bill to Sync Foreign Investment Reviews with Mexico and Canada
The CFIUSMCA Act was recently introduced in the House and is currently being reviewed by the Committee on Ways and Means. No further actions are scheduled at this time, and the bill is in the early stages of the legislative process.
The bill has support from both parties and focuses on national security, but it depends on whether Mexico and Canada are willing to change their own laws.
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Small businesses in strategic technology sectors that attract foreign investment could face new layers of screening if Mexico and Canada adopt CFIUS-like frameworks. This might slow down some cross-border deals but could also level the playing field by ensuring competitors in neighboring countries face similar scrutiny, preventing foreign-backed firms from gaining unfair advantages through less-regulated markets.
“each USMCA country to implement a legislative and regulatory framework for reviewing foreign investment for national security risks that is similar to the framework established under section 721 of the Defense Production Act of 1950”
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Rep. Jodey Arrington introduced the CFIUSMCA Act (H.R. 6707) to prevent foreign adversaries, particularly China, from using Mexico and Canada as backdoors to the U.S. market. The bill directs trade officials to align investment screening standards across North America during the USMCA review.
Bipartisan legislation would require the administration to prioritize North American alignment of foreign investment screening. The bill aims to establish CFIUS-like mechanisms in Canada and Mexico to address national security risks from non-market economy investments, specifically from China.
The Consistency in Foreign Investment in the USMCA Act (H.R. 6707) would direct the USTR to prioritize North American alignment on foreign investment review. Sponsor Rep. Arrington stated the bill is designed to stop China from using Mexico and Canada as backdoors to move goods into the U.S.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
CFIUSMCA Act
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