Treasury Issues Committee on Foreign Investment in the United States Review Rules
Treasury Issues Committee on Foreign Investment in the United States Review Rules
February 18, 2020

The Treasury implemented a version of the Transaction Rule under a 2018 interim final rule and through a pilot program requiring mandatory declarations of certain transactions involving investments by foreign entities in US businesses beginning November 10, 2018.[4] On September 24, 2019, the Treasury issued notices of proposed rulemaking for the Transaction Rule[5] and the Real Estate Rule.[6] The Transaction Rule replaced the pilot program beginning February 13, 2020. The Real Estate Rule also took effect that day.