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Title: ●Regulations Pertaining to the Mergers, Acquisitions, and Takeovers by Foreign Persons
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Abstract: On July 26, 2007, President Bush signed into law the Foreign Investment and National Security Act of 2007 (FINSA) (Pub. L. 110-49), which amends section 721 of the Defense Production Act of 1950 (50 U.S.C. 2170 et seq.) (section 721), to codify the structure, role, process, and responsibilities of the Committee on Foreign Investment in the United States (CFIUS). FINSA requires the President to direct the issuance of implementing regulations. Proposed regulations will be published in the Federal Register and be subject to notice and comment before final regulations are published. Treasury must also publish in the Federal Register guidance on the types of transactions that CFIUS has reviewed and that have presented national security considerations. Treasury plans to do so separately from the regulations that will be published under section 721.
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Agency: Department of the Treasury(TREAS)
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Priority: Other Significant
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RIN Status:
First time published in the Unified Agenda
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Agenda Stage of Rulemaking:
Proposed Rule Stage
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Major:
No
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Unfunded Mandates:
No
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CFR Citation:
31 CFR 800
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Legal Authority:
50 USC app 2170 et seq
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