Senior Public Policy Advisor at Wiley Rein LLP
Nova has extensive public and private sector experience on regulatory and national security matters involving international investment and trade policy. He has held senior leadership positions at the U.S. Departments of the Treasury and Commerce, the White House, and the U.S. Senate. Drawing on his experience in the management, development, and implementation of the U.S. economic and national security policies and programs, he provides both high-level insight and deep operational experience to help clients navigate the policy and regulatory environment surrounding cross-border business activities, especially through the Committee on Foreign Investment in the United States (CFIUS), Team Telecom, and the Defense Counterintelligence Security Agency (DCSA).
Wiley Rein LLP
Washington DC, District of Columbia
Building the investment (CFIUS) practice as well as work on trade, environmental, and cyber-security issues.
U.S. Department of the Treasury, Office of International Affairs
(appointed)District of Columbia
Directed and coordinated the U.S. inter-agency process for reviewing foreign investments in U.S. companies (CFIUS), involving 16 executive departments and agencies and over 350 M&A transactions worth over $300 billion, including sovereign wealth fund investments.
Oversaw the inter-agency reform of CFIUS; managed the development, coordination, and approval of new CFIUS regulations and guidance, a Presidential executive order, and annual reports to Congress; held extensive consultations and briefings for Congress, businesses, and foreign officials.
Developed, advocated, and implemented the U.S. Government’s legislative strategy for CFIUS reform.
Created and led the U.S.-EU Investment Dialogue and the U.S.-China Investment Forum to facilitate collaboration with foreign counterparts on investment policy matters.
National Security Council (NSC), International Trade
(appointed)District of Columbia
Oversaw the interagency processes and policy on trade and certain investment matters on behalf of the White House; served as liaison with U.S. business, Congress, and foreign officials.
Developed and coordinated U.S. policy positions on trade and investment, including issues relating to international institutions, economic stability, and national security.
Briefed senior NSC officials, Cabinet Secretaries, and the President.
Developed and implemented the Administration’s “STOP Initiative” to address piracy and counterfeiting of intellectual property rights; coordinated with U.S. trade partners.
U.S. Department of Commerce(DOC), Office of the Secretary
(appointed)District of Columbia
Managed trade and export control matters falling under the International Trade Administration and Bureau of Industry and Security within the U.S. Department of Commerce.
Developed a comprehensive report and implemented recommendations for the President’s Manufacturing Initiative.
Provided assessments and strategic advice to the Secretary of Commerce and Commerce leadership on existing and proposed legislation and policies related to international trade matters.
Drafted speeches, background briefings, memoranda, position papers, congressional correspondence, and press releases for the Secretary, senior officials, White House officials, and interagency officials.
U.S. Senate, Committee on Finance
(appointed)District of Columbia
Analyzed and monitored U.S. legislative initiatives covering trade policy matters for Asia, trade agency authorizations and appropriations, U.S. Customs, anti-dumping and countervailing law, World Trade Organization (WTO) negotiations and dispute settlements, and International Trade Commission cases and reports.
Conducted research and analysis and provided support and background briefings on international trade issues for the Chairman of the Finance Committee, Chairman of the Subcommittee on Trade, Chief Trade Counsel, Committee members, and Committee staff.
Drafted statements and policy positions for Congressional leaders on the Chile and Singapore Free Trade Agreements, WTO compliance issues, intellectual property rights, and investment policy.
U.S. Department of Commerce(DOC), International Trade Administration
(appointed)District of Columbia
Advised the Assistant Secretary for Import Administration on international trade policy.
Prepared correspondence and communications for senior officials.
Assessed legislative proposals and provided recommendations to the Assistant Secretary.
Supported the development and implementation of the President’s Steel Initiative, softwood lumber negotiations, and general Import Administration policy matters.
May 2025
Represents numerous clients, including Fortune 500 companies, before CFIUS, Team Telecom, and DCSA. Drafted and ensured passage of the new CFIUS legislation, the Foreign Investment Risk Review Modernization Act (FIRRMA), and engaged business and Congress. Developed and implemented numerous trade and U.S. national security policies and actions. Provided key support for the passage of trade agreements and the protection of intellectual property. As Deputy Assistant Secretary for the Investment Security and Policy at the Treasury Department, oversaw numerous CFIUS transactions involving companies from nearly every industry, including critical technology and infrastructure, working closely with government agencies in the CFIUS process, and with companies to address national security concerns.
Wiley.law
May 2025
On May 9, the U.S. Department of Commerce (Commerce) released an advanced notice soliciting public comments on an investigation into the national security impacts of imported commercial aircraft and jet engines, and parts for commercial aircraft and jet engines. This notice is scheduled for publication in the Federal Register on May 13, with interested parties invited to submit comments by June 3, 2025.
Wiley.law
April 2025
On April 23, the U.S. Department of Commerce (Commerce) announced its initiation of investigations into the national security effects of imports of critical minerals and medium/heavy trucks, parts for such goods, and their derivative products, under Section 232 of the Trade Expansion Act of 1962. The investigation into critical minerals follows an April 15, 2025 Executive Order directing Commerce to begin an investigation. The investigation notices are scheduled to be published on April 25. Within 21 days of publication (May 16), interested parties may file comments with the agency regarding the national security effects of relevant imports and the actions that the Administration should take to counter such effects. The new investigations follow recently announced and ongoing Section 232 investigations into imports of pharmaceuticals and semiconductors, as well as Section 232 tariffs announced earlier this year on aluminum and steel products, and passenger vehicles, light trucks, and certain automotive parts.
Wiley.law
May 2025
On April 17, 2025, the Office of the U.S. Trade Representative (USTR) issued its final notice of action in its investigation into China’s unfair practices affecting the shipbuilding and maritime logistics sectors. According to the agency’s draft Federal Register notice and accompanying press release, the United States will begin charging fees on Chinese-owned, -operated, and -built vessels arriving in U.S. ports. There will be two phases of action.
Wiley — Podcast
January 2025
Investment Scrutiny Rises Amid Security Priorities As national security priorities increasingly shape U.S. investment policy, recent actions—including the Biden Administration’s outbound investment program and the “America First Investment Policy” memorandum—mark a notable expansion in regulatory scope. Nova J. Daly outlines what these developments mean for sectors at the nexus of capital flows and emerging technology.
Podcasts Apple — Podcast
March 2025
Among the dizzying number of executive orders, tariff negotiations, and Doge activity since the inauguration, the America First Investment Policy requires a specific focus to better understand the potential impact on foreign investment in the United States, from both allies and hostile nations. Nova J. Daly is a Senior Public Policy Advisor at Wiley Rein, LLP. He formerly served in the Treasury Department as the Deputy Assistant Secretary for the Committee on Foreign Investment in the United States (CFIUS.) Coercive Capital host, Elaine Dezenski, recently spoke with Nova about America First, what it means for capital flows, U.S. companies, and the broader seismic shift in the global trade order.
Washington International Trade Association WITA — Zoom
February 2025
Hot Button China Issues – National Security, Technology and Cybersecurity