Regulation

CFIUS proposes major changes to foreign investment rules

STEPTOE: OUTSIDE COUNSEL
On 11 April 2024, the US Treasury Department (“Treasury”), as the Chair of the Committee on Foreign Investment in the United States (“CFIUS”), issued a notice of proposed rulemaking1 (“NPRM”) “to enhance certain CFIUS procedures and sharpen its penalty and enforcement authorities.” Specifically, the proposed new measures would expand the authority of CFIUS to gather information related to both notified and non-notified transactions, impose more significant civil penaltie...

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