FCIL

FCIL, or the Foreign-Competition Incentives Law, is a piece of legislation in the United States that aims to promote competition and innovation in the technology sector. Enacted in 2018, the law provides a framework for companies to challenge the acquisition of U.S. companies by foreign entities, arguing that the acquisition would result in less competition or innovation. The law allows companies to file a petition with the U.S. International Trade Commission (ITC) to challenge an acquisition, which can then be reviewed by the ITC and the Federal Trade Commission (FTC).

The law applies to acquisitions of U.S. companies by foreign entities, where the foreign entity is not a U.S. person. It does not apply to acquisitions by U.S. persons, even if the acquiring entity is foreign-owned. The law also has a sunset provision, meaning it will expire after a certain period unless it is renewed by Congress.

FCIL has been the subject of debate and controversy since its enactment. Critics argue that the law is overly broad and could be used to stifle competition and innovation. Proponents, however, argue that the law is necessary to protect U.S. companies from unfair competition and to promote a level playing field for U.S. technology companies. The law has been used in a number of high-profile cases, including challenges to acquisitions by Chinese and Russian companies.