Treasury finalizes stricter CFIUS penalties, enhanced subpoena power

The Committee on Foreign Investment in the U.S. will soon be able to impose significantly higher financial penalties for a greater range of infractions and demand that companies provide CFIUS information even if the transactions in question have not been notified to it, the Treasury Department said on Monday. The changes are the “first substantive update to the monitoring and enforcement provisions of the CFIUS regulations since the implementation of the Foreign Investment Risk Review Modernization Act of 2018,” Treasury,...