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TREAS/DO | RIN: 1505-AC63 | Publication ID: Spring 2020 |
Title: ●Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States | |
Abstract:
The final rule establishes regulations to implement the provisions relating to real estate transactions in section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment Risk Review Modernization Act of 2018. This rule sets forth the scope of, and process and procedures relating to, the national security review by the Committee on Foreign Investment in the United States of certain transactions involving the purchase or lease by, or concession to, a foreign person of certain real estate in the United States. The rule includes, as an interim rule, a new definition of the term "principal place of business," and the Department of the Treasury sought public comment on this definition. |
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Agency: Department of the Treasury(TREAS) | Priority: Economically Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Yes | Unfunded Mandates: No |
EO 13771 Designation: Not subject to, not significant | |
CFR Citation: 31 CFR 802 | |
Legal Authority: 50 U.S.C. 4565 |
Legal Deadline:
None |
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Timetable:
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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 Email: ois.outbound.regulations@treasury.gov |