CFIUS to increase max penalties to $5M, expand its use of subpoenas

The Treasury Department has proposed a rule that would “enhance certain CFIUS procedures” and sharpen its penalty and enforcement authorities. The proposed changes reflect the Committee’s evolution and increased focus on monitoring, compliance, and enforcement....

Former head of CFIUS on impact of proposed rule; key ACI takeaways

In the latest episode of our video series, “Ten With Tom,” former Assistant Secretary for Investment Security Thomas Feddo explains how the Treasury Department's new rule proposal might lead to a more "adversarial" CFIUS, and offers insights on the new penalties and...

Treasury’s proposed budget: more CFIUS hiring, 15 FTEs for outbound

It’s budget season, and review of Departmental requests can offer a unique view of the year to come. For example, the Treasury Department has requested funding to hire 15 full-time employees to work on the outbound foreign investment review regime, which should begin...

Kansas bill would limit property owners from countries of concern

The Sunflower State (yes, that’s Kansas) is the latest to wade into the national security debate, following the lead of Florida, Missouri and others that have regulated foreign ownership of property. The Kansas move would prohibit certain purchases within 150 miles of...

Canada foreign investment reviews strengthened for AI, other sectors

As expected, the Canadian government amended its Investment Canada Act, providing new tools to assess the national security risks of foreign investments. The “modernization” includes new pre-closing filing requirements in certain sectors, and increases penalties for...

Exclusive conversation with the DoJ on new bulk personal data proposal

In our latest video conversation, we discuss the ANPRM on bulk sensitive personal data with Eric Johnson, Principal Deputy Chief of the DoJ's Foreign Investment Review Section. We cover advisory opinions, overlap with CFIUS, timelines, and the "Four Knows" that every...