In September 2019, the U.S. Department of the Treasury issued proposed regulations to further empower the Committee on Foreign Investment in the United States (CFIUS) to investigate and block a wider range of transactions, with a view to limiting foreign investment in U.S. businesses that are involved in critical technology and infrastructure, or that handle sensitive personal data. Slated to take effect no later than February 13, 2020, the proposed changes will impact foreign investors’ IT infrastructure and data protection protocols, as well as the due diligence process in general.
In Global Data Review, Scott Boylan explains what foreign investors can expect under the new regulations and also, what the Committee is likely to assess as high-risk.
