How Desire Paths can Transform your Branding and Public Relations
How Desire Paths can Transform your Branding and Public Relations
12 Steps to Create Videos

Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals WSOC TV [Video]

Categories
Starting a Business

WASHINGTON — (AP) — U.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors.

This comes as high-profile deals involving foreign investment in the U.S. — like Chinese firm ByteDance’s ownership of popular social media app TikTok and Japanese firm Nippon Steel’s bid to purchase Pittsburgh-based U.S. Steel Corp. receive increased scrutiny by lawmakers and even President Joe Biden.

A new proposed rulemaking would strengthen powers for the interagency Committee on Foreign Investment in the United States — known as CFIUS — which is tasked with investigating corporate deals for national security concerns and holds power to force the company to divest ownership or change major parts of the firm.

The rulemaking — if finalized — would expand the committee’s subpoena authority, allow the committee to request more information from parties to a proposed sale and expand circumstances when fines can be imposed and their …

How to Supercharge your Digital Marketing with Desire Paths
How to Supercharge your Digital Marketing with Desire Paths
5 Steps to Creating Successful Ads