The Biden administration is taking significant steps to enhance the scrutiny of foreign investments in the United States, aiming to bolster national security. A key focus of these efforts is the expansion of powers for the Committee on Foreign Investment in the United States (CFIUS), which will now have a 'sharper scalpel' for reviewing transactions. This initiative includes raising the maximum fines for violations of national security rules to $5 million. The Department of Justice has echoed this stance, with antitrust officials advocating against merger clearance settlements unless they include strong divestiture proposals. The Treasury Department's proposal seeks to strengthen CFIUS's ability to obtain information and enforce higher fines, particularly in light of increasing U.S.-China investment scrutiny. This move is part of a broader effort to ensure critical industries are shielded from foreign interference, amid congressional investigations into deals involving companies like Nippon and TikTok.
New CFIUS Rules to Enhance Enforcement and Investigation Activities https://t.co/EKYFFN2BsW #finance #foreigninvestments #treasurydepartment @SPB_Global https://t.co/EluXWKM7nb
The U.S. Department of the Treasury issued a notice proposing to sharpen its procedures and enforcement practices for reviewing foreign investment deals for national security issues. https://t.co/J9mTUbgwCg
U.S. Foreign Investment Watchdog to Gain New Powers Under Administration Proposal https://t.co/uxerCdUchX
Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals https://t.co/5A1jiZyhIy
US moves to hike maximum fines to $5 million for making false statements to CFIUS https://t.co/qEjaz5sR4n https://t.co/tfzGCMFGC8
A panel that reviews foreign investments will get new powers to obtain information and levy higher fines under a proposal from the Treasury Department, a move that comes amid official scrutiny on U.S.-China investment flows. https://t.co/4Aq35O3wMN https://t.co/4Aq35O3wMN
A DOJ antitrust official stood by the Biden-era stance against most merger clearance settlements, saying that companies with potentially problematic transactions should rethink doing the deals or at least come with strong upfront divestiture proposals. https://t.co/oaFr2izjbi https://t.co/lCWMvjSRX4
⚠️ US MOVES TO HIKE MAX FINES TO $5 MILLION FOR BREAKING NATIONAL SECURITY RULES-SOURCE Full Story → https://t.co/vlW42HCqiu The Biden administration is proposing to raise to $5 million the maximum fine it can impose for violating rules and agreements made with CFIUS, a…
SCOOP: The Biden administration is preparing to give a "sharper scalpel" to the government committee that reviews foreign investments into the U.S. — representing a broader effort to ensure that critical industries are protected from foreign interference. https://t.co/2TQiyBZec5