U.S. Treasury proposes new rules on foreign investment

U.S. Treasury proposes new rules on foreign investmentU.S. Treasury proposes new rules on foreign investment

WASHINGTON (Reuters) – The Treasury Department on Tuesday proposed new rules to beef up oversight of foreign investment in critical technologies, critical infrastructure or sensitive personal data in the , part of a bid to monitor Chinese investments that may infringe on national security.

If approved, the rules would grant greater powers to CFIUS, a multi-agency national security panel led by the Treasury, to review a greater number of bids by foreigners to invest in key U.S. industries, including real estate.

The rules will take effect no later than February 2020.

CFIUS, the Committee on Foreign Investment in the United States, reviews mergers and stock purchases to ensure they do not harm national security. It was strengthened by legislation in the National Defense Authorization Act, which was signed into law last year.

Article continues below Advertisement...

The committee has flexed its muscles increasingly against Chinese companies as and Washington remain locked in a heated trade and technology dispute.

The public will have 30 days to comment on the proposals before regulations are finalized.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, ) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , it is one of the riskiest investment forms possible.

Source: Investing.com