Treasury proposes linking mandatory CFIUS declarations to export controls

The Treasury Department on Thursday proposed making mandatory declarations to the Committee on Foreign Investment in the United States contingent upon whether U.S. businesses dealing with critical technologies, infrastructure or data need export authorizations from regulatory agencies. CFIUS, which involves 16 federal agencies, reviews the national security implications of foreign investments in U.S. businesses. The proposed rule amends regulations Treasury put into place to implement the 2018 Foreign Investment Risk Review Modernization Act. The proposed rule change would tie the...