Search Results for keywords:"foreign investment"

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Search Results: keywords:"foreign investment"

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  • 2021-02262 — Privacy Act of 1974; System of Records
    Type:Notice
    Citation:86 FR 8260
    Reading Time:about 12 minutes

    The Department of the Treasury has proposed changes to its system of records notice under the Privacy Act of 1974 for the Committee on Foreign Investment in the United States (CFIUS) Case Management System. These changes will update the legal authorities and clarify regulations to help CFIUS assess and review foreign investments for national security risks. The amendments add new legal authorities and adjust existing ones, allowing CFIUS to better manage and store information related to foreign investments in the U.S. The modifications are set to take effect on March 8, 2021, unless further adjustments are necessary based on public comments received by that date.

    Simple Explanation

    The Treasury Department wants to update some rules about how they check if outside countries can buy things in the U.S. to make sure it's safe. They're changing how they keep track of this information, and these changes will start on March 8, 2021, unless more adjustments are needed.

  • 2025-00621 — Regarding the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation
    Type:Presidential Document
    Citation:90 FR 2605
    Reading Time:about 4 minutes

    The President of the United States issued an order to block the acquisition of United States Steel Corporation by Nippon Steel Corporation due to concerns about national security. The order states that the companies involved must fully abandon this acquisition within 30 days unless an extension is granted by the Committee on Foreign Investment in the United States (CFIUS). The companies must regularly report their compliance and efforts to abandon the merger to CFIUS. The President reserved the authority to issue further orders if necessary to protect national security.

    Simple Explanation

    The President said that a big company from another country can't buy a big American steel company because it might not be safe for the country. They have to stop trying to buy it in 30 days unless they get more time to do so.