Webbut their designation means that they are now considered Critical Technologies by CFIUS. Therefore, non-US investors may be subject to CFIUS' mandatory filing requirement for … WebSep 15, 2024 · to the Committee on Foreign Investment in the United States (CFIUS or the Committee) for certain critical technology transactions. This declaration requirement in Part 800 implements section 1706 of the Foreign Investment Risk Review Modernization Act of 2024 (FIRRMA), which amends section 721 of the Defense Production
CFIUS Goes Back to the Future by Tying Mandatory Filings Pertaini…
WebCorporation A is a U.S. business that owns intellectual property rights and equipment for manufacturing a critical technology and maintains the know-how to manufacture that … WebSep 29, 2024 · Is a party to a transaction or similar dealing designed or intended to evade or circumvent the CFIUS process; or; Individually or as part of a group of foreign persons holds a “voting interest for purposes of critical technology … ono island house fire
Final CFIUS Regulations Implement Significant Changes by …
WebSep 15, 2024 · The critical technology mandatory declaration provision based on NAICS codes and published as part of the final rule for Part 800 at 85 FR 3112 (Jan. 17, 2024) will apply to transactions for which specified actions occurred on or after February 13, 2024, and prior to October 15, 2024, as specified at § 800.104 (d) of this rule. WebJan 16, 2024 · Second, parties must file a declaration for certain noncontrolling or controlling investments in U.S. businesses that produce, design, test, manufacture, fabricate or develop critical technology in 27 enumerated industries. This matches the CFIUS “pilot program” initiated by the Committee in October 2024 and discussed in our previous alert. WebIn an important change that will alleviate some of the burden anticipated under the Proposed Rules on U.S. companies using encryption that falls within the definition of critical technology, U.S. software companies are excepted from this mandatory filing requirement if their only critical technology is eligible for export pursuant to License … ono island zip code