Clifford Chance

U.S. Treasury Department Issues Proposed Rules Implementing New CFIUS Regulations Under FIRRMA

24 September 2019

Pursuant to the Foreign Investment Risk Review Modernization Act of 2018, the United States Treasury Department's Office of Investment Security has issued Proposed Rules implementing the changes FIRRMA brought to the Committee on Foreign Investment in the United States. Among the changes, the Proposed Rules extend CFIUS' jurisdiction to "covered investments" that do not provide foreign investors with control, provides for a "white list" process for favoring investors from certain countries in the CFIUS review process, and sets out rules for real estate transactions. Comments on the Proposed Rules are due by October 17, 2019.

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