CFIUS: FIRRMA Pilot Program Requires Mandatory Declarations for Certain Critical Technology Investments in Key Industries; Expands CFIUS Jurisdiction to Cover Certain Noncontrolling Investments
On October 10, 2018, the Department of Treasury, which chairs the Committee on Foreign Investment in the United States (CFIUS), issued an interim rule establishing a pilot program implementing portions of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), enacted on August 13, 2018. The new interim rule […]