On January 13, 2020, the U.S. Department of Treasury issued final regulations (the “Final Rules”) that implement most of the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”). These rules were issued in two parts, Part 802, addressing Real Estate, and Part 800, primarily addressing business acquisitions implicating potential national security concerns. In this
CFIUS/Foreign Investment/Enforcement
Final CFIUS Regulations Impact Foreign Non-Control Investment Transactions Involving Critical Technologies/Infrastructure or Sensitive Data
By Jeffrey Neuburger on
In 2018, Congress passed the Foreign Investment Risk Review Modernization Act (FIRRMA) to modernize the Committee on Foreign Investment in the United States (CFIUS). CFIUS is chaired by the Secretary of the Treasury and is empowered to review certain transactions involving foreign investment in the U.S. that may affect national security.
Treasury Issues Final CFIUS Rules Implementing FIRRMA: Updates to the Proposed Rules and Where FIRRMA Landed
By Stephen T. Mears & John R. Ingrassia on
On January 13, 2020, the U.S. Department of Treasury issued final regulations (the “Final Rules”) that implement most of the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”). While the Final Rules provide some important clarifications to the proposed rules (the “Proposed Rules”) issued on September 17, 2019 (see our alert here), the…