On May 8, 2024, Ashley Craig, Wes Sudduth, and Maria Stosz published “How New Rule Would Change CFIUS Enforcement Powers” in Law360. The following is an excerpt:
This is the first major substantive update to CFIUS' regulations since its adoption of a revamped framework in February 2020 following Congress' enactment of the Foreign Investment Risk Review Modernization Act.
Under new proposed rules, both the maximum civil penalty amount that CFIUS may impose for noncompliance, and the circumstances under which civil penalties could be imposed, are soon likely to increase.
Click here to access the article.