Understanding Venture Capital. Check out additional info financial-equity.com By Cory Mitchell. Venture capital funds that allow foreign investors such as foreign nationals and foreign governmental entities among their investor base may have yet another regulatory issue to consider. On August 13, 2018, the former President Trump signed into law the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). FIRRMA strengthens and modernizes the Committee on Foreign Investment in the United States (CFIUS), a multi-agency government body chaired by the Secretary of the Treasury that reviews foreign investment for national security considerations. Like prior CFIUS legislation, FIRRMA does not single out any specific country. CFIUS’s authority may be applied to address the national security risks posed by foreign investment in the United States, regardless of where the investment originates. Businesses to which CFIUS jurisdiction generally kicks in include companies involved in the following areas: critical technology, critical infrastructure, sensitive personal data of U.S. Citizens, and other areas that Treasury feels could threaten the security of the United States. The acquisition of a TID business could be considered a covered transaction. TID is an acronym for technology, infrastructure, and data. How emigrating from Bulgaria affected his career. Data-Driven Decision Making. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .