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TREAS/DO RIN: 1505-AC61 Publication ID: Spring 2019 
Title: ●Determination and Temporary Provisions Pertaining to a Pilot Program to Review Certain Transactions Involving Foreign Persons and Critical Technologies  
Abstract:

This rule sets forth the scope of, and procedures for, a pilot program of the Committee on Foreign Investment in the United States (CFIUS, or the Committee) under section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA).  Pursuant to section 1727(c) of FIRRMA, this pilot program implements the authorities provided in two sections of FIRRMA that did not take effect upon the statute’s enactment.  First, the pilot program expands the scope of transactions subject to review by CFIUS to include certain investments involving foreign persons and critical technologies.  Second, the pilot program makes effective FIRRMA’s mandatory declarations provision for all transactions that fall within the specific scope of the pilot program.  The pilot program implemented through these regulations will end no later than the date on which the full regulations implementing FIRRMA become effective, and in no event later than the date that is 570 days after the enactment of FIRRMA. These regulations will be amended, replaced, or removed no later than the date on which the pilot program ends.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Not subject to, not significant 
CFR Citation: 31 CFR 800   
Legal Authority: Pub. L. 115-232   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  10/11/2018  83 FR 51322   
Interim Final Rule Effective  11/10/2018 
Interim Final Rule Comment Period End  11/10/2018 
Final Action  09/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Meena Sharma
Department of the Treasury
Departmental Offices
1500 Pennsylvania Avenue NW.,
Washington, DC 20220
Phone:202 622-3425