WASHINGTON, D.C. - JANUARY 03: The sun flares over the headquarters of the U.S. Treasury On January 3, 2024 in Washington, DC. The Committee on Foreign Investment in the United States has broad leeway to approve — or reject — international investments in critical sectors in the U.S. economy. But some critics sayproposed purchase"These updates to our enforcement toolkit provide CFIUS with a sharper scalpel to carefully and methodically address violations and protect U.S.
Among the potential changes: Increasing the maximum civil penalty for material misstatements or omissions in a filing with CFIUS from $250,000 to $5 million. Officials are making Thursday's changes after they realized they needed more enforcement mechanisms to achieve their goals. "These updates reflect lessons learned in the course of our monitoring, compliance, and enforcement work and build on the 2022 CFIUS Enforcement and Penalty Guidelines," Rosen said in a separate statement.From the outset of his presidency, Biden has worked on strengthening supply chains and re-shoring manufacturing jobs in critical sectors.
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