Treasury Sets Comment Deadline for Proposed CFIUS Changes
The Treasury Department is accepting public comments until May 15 on a proposed rule that could allow the Committee on Foreign Investment in the U.S. to impose higher max penalties for certain violations, collect a broader range of information from parties involved in non-notified transactions, give the committee broader subpoena abilities, expand the circumstances in which it may fine a company, and more.
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The agency publicly released the rule April 11 (see 2404110037), but the comment deadline wasn’t announced until April 12, when Treasury placed the document on public inspection in the Federal Register. The rule was scheduled to be officially published in the FR April 15.