U.S. Treasury Proposes New Rules for Security Review of Foreign Investment
The reviews clarify that transactions in which a foreign entity acquires less than a 10 percent stake in a U.S. business is not automatically exempt from a review by the Committee on Foreign Investment in the United States (CFIUS).
The Treasury will accept public comments on the proposed regulations for 45 days and will hold a public hearing on them on May 2 at the Treasury’s Cash Room in Washington.
(Reporting by David Lawder; Editing by James Dalgleish)
Copyright 2024 Reuters. Click for restrictions.
Popular Today
- Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles
- Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’