Federal Register Vol 73 No. 236, Monday December 8, 2008

Guidance Concerning the National Security Review Conducted by the Committee on Foreign Investment in the United States

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This notice provides guidance to U.S. businesses and foreign persons that are parties to transactions that are covered by section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007, and the regulations at 31 CFR part 800.

Section 721 requires CFIUS to review covered transactions notified to it ‘‘to determine the effects of the transaction[s] on the national security of the United States,’’ but does not define ‘‘national security,’’ other than to note that the term includes issues relating to homeland security. Instead, section 721 provides an illustrative list of factors, listed below, for CFIUS to consider.

This notice provides examples and insight into what types of transaction could trigger a CFIUS review.

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Reference Info:Federal, Federal Circuit | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doug Cornelius | Attorney Advertising

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