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The U.S. Department of the Treasury ("Treasury") issued temporary regulations to implement the Foreign Investment Risk Review Modernization Act ("FIRRMA"). FIRRMA, enacted earlier this year, broadened the powers of the President and the Committee on Foreign Investment in the United States ("CFIUS") to scrutinize and halt foreign transactions with national security implications. The regulations includes a pilot program, effective November 10, 2018, to expand the scope of transactions subject to CFIUS review to include certain non-controlling investments made by foreign nationals in U.S