A key Treasury Department official took issue with portions of House legislation concerning the review process by the Committee on Foreign Investment in the United States. Clay Lowery told the House Financial Services Committee of concern over the provision requiring a formal CFIUS 45-day investigation when a foreign state-owned entity buys U.S. assets, which would follow the currently mandated informal 30-day review. Lowery also questioned a measure requiring deal sign offs by the Treasury secretary.
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Posted on Friday, February 9th, 2007. Filed under: Business Law, Law Misc
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