Executive Summary:
May 23, 2023, Covington Alert
The U.S. Department of the Treasury (“Treasury”), in its capacity as chair of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), recently posted two new frequently asked questions (“FAQs”) to CFIUS’s website that have important implications for parties planning transactions subject to the Committee’s jurisdiction.
First,
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The bill
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The statement applies to “automated systems,” which are broadly defined
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