Jason Chipman and Marik String discuss potential consequences for US companies on cross-border mergers and capital flow in an article published in Bloomberg Law.
Excerpt: The House recently passed the America COMPETES Act, which is designed to boost US global competitiveness. However, the bill contains a little noticed but significant provision to create a new US government screening process for outbound investment.
If enacted in its current form after being reconciled in the Senate, the bill will have profound consequences for cross-border mergers, outbound US investments, technology licensing, and possibly even technology exports.