Hogan Lovells Publications | International Trade Alert | 12 October 2018
New regulations expand CFIUS' jurisdiction and mandate filings
The Department of the Treasury has released two new interim rules that (i) update existing regulations regarding the Committee on Foreign Investment in the United States (CFIUS) pursuant to the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), and (ii) establish a pilot program implementing a discrete set of FIRRMA provisions related to foreign investments in U.S. critical technology companies.
Importantly, beginning 10 November 2018, the pilot program mandates the submission of a short-form CFIUS filing for certain critical technology investments.
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