On January 13, 2020, the Office of Investment Security, Department of Treasury published its final regulations implementing the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”), which defines the jurisdiction and authorities of the Committee of Foreign Investment in the United States (“CFIUS”) and modernizes CFIUS’s review process of certain transactions that fall under its jurisdiction. The final regulations became effective on February 13, 2020. CFIUS issued its regulations in two parts: (1) Provisions Pertaining to Certain Investments in the United States by Foreign Persons; and (2) Provisions Pertaining to Certain Transaction by Foreign Persons Involving Real Estate.
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