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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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On October 10, 2018, the U.S. Department of the Treasury issued several amendments and temporary regulations expanding the authority of the Committee on Foreign Investment in the United States (CFIUS). The Foreign Investment Risk Review Modernization Act, enacted as part of the John S. McCain National Defense Authorization Act for Fiscal Year 2019, laid the framework for CFIUS&rsquo; expanded scope as congressional leaders aimed to address national security concerns within the context of foreign investment activities in the United States that have historically fallen outside of CFIUS&rsquo; purview.
Key Notes:
<ul>
<li>New pilot program effective November 10, 2018, applies to all foreign persons engaging in investment with certain U.S. industries.</li>
<li>Mandatory declarations now required for certain transactions; risk of civil penalty if ignored.</li>
<li>Export control compliance is essential to understand if transaction involves any critical, emerging or foundational technology.</li>
</ul>
View this entire client bulletin in <a href="https://www.thompsonhine.com/publications/treasury-releases-interim-rules-expanding-scope-of-cfius-creating-pilot-program" target="_blank" rel="noopener">HTML</a> or <a href="https://www.thompsonhine.com/uploads/1345/doc/International_Trade_Update_-_Treasury_Releases_Interim_Rules_Expanding_Scope_of_CFIUS_and_Creating_Pilot_Program.pdf" target="_blank" rel="noopener">PDF</a> format.

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Treasury Releases Interim Rules Expanding Scope of CFIUS and Creating Pilot Program for Certain Transactions