CFIUSMCA Act

HR 6707, the CFIUSMCA Act, directs the U.S. Trade Representative to advocate during USMCA joint reviews for Mexico and Canada to adopt foreign investment review frameworks similar to the U.S. Committee on Foreign Investment (CFIUS) process. It aims to create a coordination mechanism among the U.S., Mexico, and Canada for sharing information and managing national security risks in strategically important sectors like semiconductors, artificial intelligence, critical infrastructure, and cybersecurity. The bill requires U.S. agencies to provide technical assistance to Mexico and Canada to help them establish these aligned frameworks and mandates regular communication to address shared threats from foreign investments. This legislation directly affects U.S. trade and security officials, as well as the foreign investment review processes of Mexico and Canada under the USMCA agreement.