The Department of the Treasury has proposed boosting the authorities of the Committee on Foreign Investment in the United States, which reviews foreign investment in U.S. businesses for national security concerns. In a proposed rulemaking notice released on Thursday, the department said the changes would help CFIUS accomplish its national security mission while supporting the...
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Tag: foreign investment
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Italy Looks to Bolster Strategic Industrial Sectors, Promote Foreign Investment Programs
The Italian government is drafting measures to support the country’s strategic industrial sectors, including microelectronics, and promote foreign investment programs worth at least $1.1 billion, Reuters reported. Citing documents it obtained, the news agency said Italy plans to provide tax breaks of approximately $689 million for five years to support research and development efforts in...
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CFIUS Urged to Forge Partnerships to Protect Private Data, National Security
Nathan Fisher, managing director at StoneTurn, has emphasized the need for the Committee on Foreign Investment in the United States to strike a balance between enabling economic growth and protecting national security interests, particularly with regard to sensitive data. In an opinion piece published in the Global Banking & Finance Review website, he suggests that this...