The U.S. Treasury Department updated the Committee on Foreign Investment in the United States (CFIUS) website to improve communications with the public.
The goal of the upgrade is to share more details and guidance with the public and the investing community about how CFIUS approaches compliance and enforcement, as well as a list of its penalty actions.
“In the last few years, CFIUS has redoubled its resources and focus on enforcement and accountability, and that is by design: if CFIUS requires companies to make certain commitments to protect national security and they fail to do so, there must be consequences,” Assistant Secretary of the Treasury for Investment Security Paul Rosen said. “Today’s penalty updates underscore CFIUS’s commitment to accountability and the protection of national security.”
The website update shares information about all of the civil monetary penalties imposed by CFIUS over the last few years, including the largest penalty CFIUS has ever issued. In addition, for each penalty action, CFIUS describes the nature of the conduct that gave rise to the penalty, among other details.
In 2023 and 2024 to date, CFIUS has issued three times more penalties than CFIUS had previously issued in its nearly 50-year history.
CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States in order to determine the effect of such transactions on the national security of the United States. The Treasury Department chairs CFIUS.