President Joseph R. Biden signed an Executive Order providing guidance to the Committee on Foreign Investment in the United States on maintaining a robust foreign investment review process to identify and address potential national security risks.
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At a Senate Banking Committee hearing, Ranking Member Pat Toomey (R-PA) raised numerous concerns about the proposed "National Critical Capabilities Act," also known as "outbound CFIUS."
The Congressional Research Service outlined the benefits and drawbacks of imposing additional data collection requirements with respect to cryptocurrency transfers.
President Trump issued an Executive Order directing ByteDance Ltd., the Chinese-owned parent company of social networking application TikTok, to divest its U.S. assets within 90 days.
The Treasury Department issued an interim final rule that "establishes a fee for parties filing a formal written notice of a transaction for review by the Committee on Foreign Investment in the United States.”