Treasury Department Releases Interim Rules and a Pilot Program Implementing Aspects of New Foreign Investment Reviews by CFIUS

October 12, 2018

The U.S. Department of the Treasury (“Treasury”) published two sets of interim rules on October 10, 2018, implementing certain provisions of the Foreign Investment Risk Review Modernization Act (“FIRRMA”). In addition to implementing certain provisions of the law that took effect immediately upon passage, the new rules create a Pilot Program concerning reviews of investments in U.S. businesses involved in so-called “critical technologies” related to specific industries.

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