CFIUS Issues Final Regulations Implementing FIRRMA

Final regulations implementing nearly all elements of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) were released on 13 January 2020, by the Department of the Treasury, as chair of CFIUS. The new regulations, which take effect on 13 February 2020, resolve 18 months of speculation and uncertainty since FIRRMA was enacted in August 2018 as a piece of landmark CFIUS reform legislation.  The final regulations expand CFIUS's jurisdictional reach over certain noncontrolling i