Treasury Sets Effective Date for Expanded CFIUS Penalty, Subpoena Powers
A Treasury Department final rule that’s expected to expand the enforcement and monitoring powers of the Committee on Foreign Investment in the U.S. is scheduled to be officially published in the Federal Register Nov. 26 and take effect Dec. 26.…
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The agency earlier this month issued a prepublication version of the rule, which will allow CFIUS to impose higher maximum penalties, collect a broader range of information from parties involved in non-notified transactions, fine companies and issue subpoenas in a wider set of circumstances, and more (see 2411180048).