The DOJ and FTC reported data on the Hart-Scott-Rodino Premerger Notification Program for fiscal year 2021.
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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.”
CFIUS proposed a filing fee for parties submitting for review voluntary notices of transactions. Comments on the proposal must be submitted by April 8, 2020.
In an Executive Order, President Trump blocked a Chinese technology company's acquisition of StayNTouch, Inc., a U.S. software company.
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