Foreign ownership, control or influence (FOCI) is a state that may affect a company’s ability to qualify for or maintain an entity eligibility determination, also known as a Facility Security Clearance (FCL). As defined in the NISPOM and the DoDM 5220.22, Volume 3, a company is considered to be under FOCI if it is owned, controlled, or significantly influenced by a foreign interest. Why is this important to you? Because being under FOCI can have various effects on your facility’s clearance status.

Businesses may be subject to FOCI and not even know it. A few examples that may indicate FOCI are

• A company who's parent company is located overseas
• A company who gets a high percentage of manufactured parts from foreign sources
• Companies who have major investment from overseas investors
• A company who sells a high percentage of their revenue to foreign countries

In this session, attendees will learn more about the nuances of Foreign Ownership, Control, or Influence (FOCI) to make a better determination of their status. Additional steps will be highlighted regarding the topic.

THIS IS A VIRTUAL-ONLY EVENT. ATTENDEES WILL RECIEVE THE ZOOM LINK TO THE EVENT AFTER REGISTERING.

Cost: No fee

Register at: https://nbdc.ecenterdirect.com/events/9929

Partners:

• Schoonover & Moriarty LLC 
• Nebraska APEX Accelerator
• Missouri APEX Accelerator 
• Iowa APEX Accelerator

MEET THE SPEAKERS:

Ian Patterson, J.D., Member and Timothy Laughlin, J.D., Associate Attorney, Schoonover and Moriarty LLC

Ian is an experienced federal contracts attorney and enthusiastic advocate for his clients. His background in chemistry gives him a unique eye for projects involving technical subject matter. He has an engaging personality and strives to provide unbiased and understandable advice to his clients.

Ian assists clients with issues unique to federal contractors, including Federal Acquisition Regulation compliance and bid protests. He also counsels on issues relating to the various contracting programs administered by the Small Business Administration, including 8(a), HUBZone, WOSB, and SDVOSB.

Tim is an experienced administrative law attorney. He has represented clients before the Kansas Supreme Court, United States Court of Federal Claims, United States Government Accountability Office, the Federal Nuclear Regulatory Commission, the Armed Services Board of Contract Appeals, the Kansas Department of Health and Environment, and the Kansas Corporation Commission. 

At Schoonover and Moriarty Tim works closely with his colleagues to assist clients with compliance and regulation of the SBA’s federal contracting programs while also representing them at the Government Accountability Office, Court of Federal Claims and the SBA’s Office of Hearing and Appeals.