CFIUS (and Reverse CFIUS) in 2025: A Year in Review | EMBARGOED! Episode 94

About this episode

Tim O'Toole and Melissa Burgess discuss the major events and developments in 2025 for CFIUS and Reverse CFIUS, along with predictions for 2026.

In this episode, Host Tim O'Toole is once again joined by Melissa Burgess, Counsel at Miller & Chevalier. Tim and Melissa discuss the major events and developments in 2025 for the Committee on Foreign Investment in the United States (CFIUS) and the Outbound Investment program that is sometimes referred to as "Reverse CFIUS" (because it involves restrictions on U.S. investment into foreign countries, rather than foreign investment in the U.S.). Tim and Melissa also shared their thoughts on what might be coming in 2026. ******* Thanks to our guest for joining us: Melissa Burgess: https://www.millerchevalier.com/professional/melissa-burgess Questions? Contact us at podcasts@milchev.com. EMBARGOED! is not intended and cannot be relied on as legal advice; the content only reflects the thoughts and opinions of its hosts. EMBARGOED! is intelligent talk about sanctions, export controls, and all things international trade for trade nerds and normal human beings alike. Each episode will feature deep thoughts and hot takes about the latest headline-grabbing developments in this area of the law, as well as some below-the-radar items to keep an eye on. Subscribe wherever you get your…

People in this episode

Host: Tim O'Toole

Guest: Melissa Burgess

Topics covered

• CFIUS
• Reverse CFIUS
• Outbound Investment
• international trade
• sanctions
• export controls

Keywords

• Committee on Foreign Investment in the United States
• investment restrictions
• foreign investment

Mentioned in this episode

Books & works: EMBARGOED!

Places: U.S.

More episodes of EMBARGOED!

• Sanctions and the State Department – Part 2 | EMBARGOED! Episode 96 · April 1, 2026 · 42 min
• Sanctions and the State Department – Part 1 | EMBARGOED! Episode 95 · March 16, 2026 · 46 min
• BIS 2025 Year in Review | EMBARGOED! Episode 93 · February 13, 2026 · 1h 1m
• OFAC 2025 Year in Review | EMBARGOED! Episode 92 · January 14, 2026 · 52 min
• Shipping Compliance with Sanctions Expert Claire O'Neill McCleskey | EMBARGOED! Episode 91 · December 19, 2025 · 56 min
• Sanctions & Export Control Evasion with Conflict Armament Research's Damien Spleeters | EMBARGOED! Episode 90 · November 26, 2025 · 35 min