On 10 May 2023, SWI GVT took note of results of the consultation on a new law on investment screening, consultation bill was rejected by most participants consulted.

• Majority against investment screening in principle as harmful to business, associated curb on economic freedom is excessive, if introduced its scope should be narrowed.
• Focus should be on limiting investment screening to foreign state investors as are of particular risk, however some respondents supported bill and wanted stricter rules.
• Federal Council still thinks screening should not be introduced as existing regulatory framework is sufficient and the cost-benefit ratio of investment screening unfavorable.
• Decided to substantially revise bill, so investment screening carried out when foreign-state controlled investor takes over domestic company in particularly critical sector.
• Such as defense equipment, electricity transmission and production, health, telecoms infrastructures, new draft bill is to be significantly less detrimental to businesses.
• Federal Council asked for new version of legislation to be drafted by the end of 2023.