As its first act in the new year, the Committee on Foreign Investment in the U.S. has updated its list of excepted foreign states, with a few minor tweaks and one addition. The move was considered underwhelming by some. Details, context, the rule, and fact sheet are inside.
As expected, the Treasury Department has issued its final rule that modifies the mandatory declaration provision of FIRRMA, and tweaks the definition of the term “substantial interest.” Details, summary, downloadable fact sheet, contacts, and the complete rule are available inside.
The Bureau of Industry and Security has published a proposal on the definition of “foundational technology.” The definition will impact CFIUS, as these foundational items also qualify as “critical technologies” under FIRRMA. Details, full text, action items, and contacts are inside.
Two U.S. Senators have introduced legislation that would have CFIUS study “overreliance on foreign countries and the impact of foreign direct investment” on the U.S. pharmaceutical industry. The DNA analysis industry would also be reviewed. Details, the legislation, a related report, and contacts are inside.
On Wednesday, the U.S. Treasury Department proposed to revise rules that require declarations for certain foreign-investment transactions regarding critical technologies. Details, the proposed regulation, contacts, and instructions for commenting on the proposal are inside.
Okay, so we wouldn’t necessarily put this in the category of “breaking news.” But the Committee did just publish specific contacts for specific provisions of FIRRMA. Details, new phone numbers, and specific email addresses are inside.
As expected, Japan’s Ministry of Finance proposed new rules on foreign direct investment, citing a “global trend” and specifically mentioning the adoption of FIRRMA. Details, prior coverage, downloadable resources, and more are inside.
This week, the U.S. Treasury Department proposed rules regarding the fees companies would pay to file voluntary notices with CFIUS. Details, fees, contacts, and more are inside …
A quick outline of the key changes in the final rule, written in plain English.
Details on the new exemption, including a chart of CFIUS investigations by country.
Details on the new definition in the final rule, with contact information at Treasury if you have questions.
Last year we put the over/under for the final CFIUS rules at Jan. 17. We should have taken the under…
A new rule from the U.S. Department of Commerce’s Bureau of Industry and Security has ties to CFIUS. Details are inside…