Hey #CFIUS twitter. DOD FY2021 CFIUS budget is out!
comptroller.defense.gov/Portals/45/Doc…
@ChorzempaMartin @geoffreygertz @JJCarafano @SchoffJ @MPGoodman88
comptroller.defense.gov/Portals/45/Doc…
@ChorzempaMartin @geoffreygertz @JJCarafano @SchoffJ @MPGoodman88
Takeaways:
FY2021 budget request is an increase from FY2020 by $2.5 billion to $26.8 billion.
It was just a few years ago (FY2017) DOD's CFIUS budget was $11.9 billion.
FY2021 budget request is an increase from FY2020 by $2.5 billion to $26.8 billion.
It was just a few years ago (FY2017) DOD's CFIUS budget was $11.9 billion.
DOD is projecting CFIUS cases filed =
233 in FY2019
1200 in FY2020
1400 in FY2021
Cases that are managed =
175 in FY2020
220 in FY2021
Also projecting quantity of non-notified transactions that are being monitored, 150 in FY2020, 150 in FY2021
233 in FY2019
1200 in FY2020
1400 in FY2021
Cases that are managed =
175 in FY2020
220 in FY2021
Also projecting quantity of non-notified transactions that are being monitored, 150 in FY2020, 150 in FY2021
Defense Technology Security Administration is looking to add 12 CFIUS FTEs to cover the increased work load. Also, "support COCOM requirements by establishing technology security infrastructure and defense institution building at prioritized ally and partner countries. "
CFIUS at DOD falls into four tiers:
1. Case Management
2. Mitigation and Monitoring
3. Monitoring Nonnotified Transactions
4. Monitoring Capital Markets
1. Case Management
2. Mitigation and Monitoring
3. Monitoring Nonnotified Transactions
4. Monitoring Capital Markets
Sorry, millions not billions
