On September 17, 2019, the U.S. Department of Treasury issued two new proposed rules for the Committee on Foreign Investment in the United States (CFIUS) implementing the Foreign Investment Risk Review Modernization Act (FIRRMA). Of particular interest to readers of this blog was the second of the proposed rules, which addressed FIRRMA's real estate-related expansion of CFIUS jurisdiction.
Over on Global Trade & Sanctions Law, colleagues Christopher R. Wall, Nancy A. Fischer, Aaron R. Hutman, Matthew R. Rabinowitz, Jorge Vera and Roya Motazedi examine the new regulations and how FIRRMA expands CFIUS' jurisdiction to include certain types of real estate transactions.
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