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RuleSignificant2020-001882020-01-17

Provisions Pertaining to Certain Investments in the United States by Foreign Persons

Treasury Department, Investment Security Office

Abstract

The final rule revises regulations that implement certain provisions of section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). The interim rule also adds a new definition for the term "principal place of business" and the Department of the Treasury is seeking comments on this definition. While this rule retains many features of the prior regulations, the rule makes a number of substantive changes, primarily to implement FIRRMA.

Action & Dates

Action
Final rule; and interim rule with request for comments.
Dates
Effective date: The final rule is effective on February 13, 2020. The interim rule regarding Sec. 800.239 is effective on February 13, 2020.
Effective Date
2020-02-13

CFR References

Topics

InvestigationsInvestment companiesInvestmentsNational defenseReporting and recordkeeping requirements

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Office of Investment Security 31 CFR Parts 800 and 801 RIN 1505-AC64 AGENCY: Office of Investment Security, Department of the Treasury. ACTION: Final rule; and interim rule with request for comments. SUMMARY: The final rule revises regulations that implement certain provisions of section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). The interim rule also adds a new definition for the term “principal place of business” and the Department of the Treasury is seeking comments on this definition. While this rule retains many features of the prior regulations, the rule makes a number of substantive changes, primarily to implement FIRRMA. DATES: Effective date: The final rule is effective on February 13, 2020. The interim rule regarding § 800.239 is effective on February 13, 2020. Applicability date: See § 800.104. Comment date: The Department of the Treasury (Treasury Department) is seeking written comments from the public on the definition of “principal place of business” found at § 800.239, which must be received by February 18, 2020. ADDRESSES: Written comments on § 800.239 may be submitted through one of two methods: Electronic Submission: Comments may be submitted electronically through the Federal government eRulemaking portal at https://www.regulations.gov . Electronic submission of comments allow

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Full Document

Citation: 85 FR 3112