Further Amendment of Executive Order 11858 Concerning Foreign Investment in the United States
Headline: Amends Rules Governing Foreign Investment Reviews and Risk Mitigation
What it does: Federal agencies must review foreign investments, negotiate or impose risk mitigation, and report significant cases to the President and Congress.
- Gives Treasury lead role over foreign investment reviews and regulations.
- Requires companies in foreign deals to accept mitigation measures or conditions.
- Increases reporting to the President and Congress on significant foreign transactions.
Summary
This order updates rules for foreign investment in the United States and reinforces review procedures to protect national security. It establishes the Committee on Foreign Investment in the United States and assigns key duties to the Secretary of the Treasury, including issuing regulations and chairing reviews. The Secretary of Commerce must collect and analyze information on foreign investments.
Agencies may negotiate or impose risk mitigation measures on transactions and must report significant reviews to the President and Congress.
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