Parliamentary briefing: National Security and Investment Bill
The government’s National Security and Investment Bill is currently being considered at committee stage in the House of Commons.
The bill aims to give the government powers to scrutinise and intervene in business transactions, such as takeovers, that may have implications for national security.
Overall, we support the National Security and Investment Bill, its clear intention to control foreign investments that may have national security implications, and the need for safeguards.
However, we have significant concerns regarding part 1 (chapters 2, 3 and 4) and part 3 of the bill and how the regime will operate in practice.
The bill could lead to a significant number of 'cautionary' voluntary applications by acquirers nervous about protecting the integrity of their acquisitions.
We would welcome the opportunity to work with parliament and the government to promote investor confidence in England and Wales.
We’re briefing MPs throughout the bill’s passage through parliament in order to raise our concerns and seek improvements to the bill.