Treasury Dept. proposes linking mandatory CFIUS declarations to export controls

The Treasury Department has proposed making mandatory declarations to the Committee on Foreign Investment in the United States contingent upon whether U.S. businesses dealing with critical technologies, infrastructure or data need export authorizations from regulatory agencies.

CFIUS, which involves 16 federal agencies, reviews the national security implications of foreign investments in U.S. businesses.

The proposed rule, released May 22, amends regulations Treasury put into place to implement the 2018 Foreign Investment Risk Review Modernization Act. Treasury said it would...