Administration Issues Proposed FINSA Regulations

WASHINGTON, DC -- Today the Administration issued proposed regulations to guide the implementation of the Foreign Investment and National Security Act (FINSA), passed by Congress and signed into law last summer. Four business groups, Business Roundtable, The Financial Services Forum, Organization for International Investment and the U.S. Chamber of Commerce, praised the release of the regulations as a needed step in finalizing the new process for national security reviews of certain foreign investments in the United States.

“The issuance of the regulations clarifies the procedures for national security reviews by the Committee of Foreign Investment in the United States (CFIUS) and provides certainty to investors. The regulations provide necessary guidance on which transactions involve both control and a relationship to national security and therefore require CFIUS review. Neither FINSA or these regulations constitute a barrier to foreign investment in the U.S. but rather the regulations provide a roadmap for investors as to when and how they must go through the CFIUS process.”

Together, Business Roundtable, The Financial Services Forum, the Organization for International Investment and the U.S. Chamber of Commerce represent a broad range of U.S. businesses employing tens of millions of Americans. The organizations recognize the critical importance of foreign investment to the United States.