The torture of CFIUS

摘要

The U.S. Treasury Department hasn't issued final regulations implementing the 2018 Foreign Investment Risk Review Modernization Act (FIRRMA), but space industry entrepreneurs already feel the law's effect. "It hurts," Mike Collett, founder and managing partner of Promus Ventures, a venture capital firm based in Chicago, said at the World Satellite Business Week conference in September. "I understand, as a U.S. citizen, what the administration is trying to do. But this is having a very negative effect on funding rounds."