Treasury Department Issues Interim Rules Creating Pilot Programs for Expanded CFIUS Review and Mandatory Filings Effective November 10, 2018
As chair of the Committee on Foreign Investment in the United States (CFIUS), the U.S. Department of the Treasury issued interim regulations that include a “Pilot Program” designed to address national security concerns in accordance with recent legislation. While notifications to CFIUS, the U.S. multi-agency committee that evaluates the implications of foreign investment on national security, used to be voluntary, for some transactions notification to CFIUS will be mandatory starting November 10, 2018, when the Pilot Program becomes effective.
Attached is the firm memorandum discussing the Regulations.
CGR Memo - Treasury Department Issues Interim Rules Creating Pilot Programs for Expanded CFIUS Review Effective November 10, 2018.pdf (pdf | 332.03 KB )