Search Results for keywords:"Outbound Investment Security Program"

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Search Results: keywords:"Outbound Investment Security Program"

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  • 2025-01633 — Notice on Penalty Inflation Adjustments for Civil Monetary Penalties for Violations of Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern
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    Type:Notice
    Citation:90 FR 8429
    Reading Time:about 3 minutes

    The Department of the Treasury's Office of Investment Security has updated the maximum civil monetary penalties linked to the Outbound Investment Security Program. These updates are part of an annual inflation adjustment required by law and will be effective until January 14, 2026. The new maximum penalty for violations is $377,700 or twice the amount of the transaction involved, whichever is greater. These changes are mandated by the Federal Civil Penalties Inflation Adjustment Act, with the specific multiplier for 2025 being 1.02598.

    Simple Explanation

    The government is changing the rules for how much money people or companies have to pay if they break certain investment rules in countries they’re worried about. Now, they can charge up to $377,700 or twice the amount the rule-breaker was dealing with, whichever is bigger.

  • 2024-29596 — Privacy Act Exemptions
    Type:Rule
    Citation:89 FR 101887
    Reading Time:about 11 minutes

    The Department of the Treasury has issued a final rule to exempt a new system called the Outbound Investment Security Program Notification System from certain parts of the Privacy Act. This system is connected to an Executive Order that deals with national security threats from foreign countries. The exemption aims to protect sensitive information and complies with legal limitations on disclosing certain kinds of data. Public comments were received, highlighting the need for transparency, but the Treasury emphasized that the exemptions are crucial for safeguarding national security and maintaining confidentiality.

    Simple Explanation

    The Treasury Department has decided that a new system called the Outbound Investment Security Program Notification System can keep some information secret for safety reasons, like a secret club protecting its treasures. This means they don't have to tell everyone everything about it, to keep the information safe from bad guys.