Treasury Issues New Rules For Tougher Foreign Transaction Reviews
12 Octobre, 2018, 03:22 | Auteur: Auguste Feret
The U.S. government has long had the power to block foreign investments in certain American companies if it deemed the investments could pose a national security threat, but the new powers would expand the government's reach to minority, non-controlling stakes.
A sign marks the U.S Treasury Department in Washington, U.S., August 6, 2018. But in June, Trump made a decision to back Congress' effort to tighten existing investment restrictions by increasing the powers of the existing Committee on Foreign Investment in the United States, or CFIUS.
The new provisions are part of a pilot program authorized by a bipartisan bill, signed in August, created to strengthen CFIUS's ability to block deals that might threaten national security.
The new rules don't prohibit foreign investments in USA companies, but they require investors to notify the government that they are seeking to take a non-controlling stake, giving the Treasury Department the opportunity to review any deal.
The 27 industries include telecommunications and semiconductors as well as aircraft manufacturing, including engines and engine parts, aluminum production, computer storage devices, guided missiles and other military equipment.
Investments in these sectors must be reported to the committee if the foreign investor's role would allow access to non-public information or afford power to nominate a board member or make other substantial decisions, the department said.
Soyuz rocket crew rescued after emergency landing
A state commission set up by Roscosmos to investigate the cause of the incidence is already hard at work assessing telemetry. Russian and USA space officials said that the crew is heading for an emergency landing in Kazakhstan at an unspecified time.
The Treasury Department on Wednesday said it would soon begin imposing new limits on foreign investment in USA technology, giving President Trump new powers in his trade battle with China.
The pilot program is scheduled to begin on November 10 and run for more than a year while formal, permanent rules are being written, a senior administration official said.
The interim regulations would likely lead to more filings with the committee, said Sylwia Lis, of the law firm Baker McKenzie. "It has a significant impact", she said.
The official said the rules did not target a particular country, but CFIUS, an intergovernmental panel overseen by the Treasury, has blocked takeovers by Chinese investors.
Democrats and Republicans in Congress, as well as Trump, have alleged the Chinese government uses Chinese entities to seek footholds in US technology through investments and other partnerships, and the pilot program could put stricter boundaries around future deals.
Filming on Joaquin Phoenix and Todd Phillips' Joker has gotten off to an unpleasant start, to say the least. The upcoming movie co-stars Robert De Niro , Marc Maron , Brett Cullen and " Deadpool 2" star Zazie Beetz .
He also commented on his childhood. "You know, my dad and my mum separated, so I didn't have a lot of male energy in my home". President Donald Trump talks to rapper Kanye West , seated right, and others in the Oval Office of the White House.
Using a mash-up of stem cells and cloning technology, a team in Beijing claims to have generated mice with same-sex parents. He said, "To consider exploring similar technology for human application in the near future is implausible".
Au bout de quatre ans, posséder une voiture électrique revient moins cher que posséder une voiture essence ou diesel. Ces données ont été calculées pour une berline moyenne (type Renault Mégane, Peugeot 308, etc.).
Thousands of new migrants could be banned from living in the nation's biggest cities under a radical plan to tackle congestion . Some regional centres and rural politicians have lobbied for years for more skilled residents to ensure their towns survive.
Senior advocacy groups hailed the increase but said it still wasn't enough to cover the living costs of older Americans. Meanwhile, the Alliance for Retired Americans referred to the benefit increase as "small" in a statement on Thursday.
Pogba believes being in the World Cup-winning France team is in itself a big achievement and he never plays to get the armband. I am the manager, I can make these decisions. "For us, it was the best trophy you can win as a footballer".
He didn't say if he suspected any of the current crew - an American, a Russian and a German aboard the station. Cosmonauts Vladimir Titov and Gennady Strekalov separated the capsule and landed safely near the launchpad.
Another chance to talk about mental health
She said most of the psychiatric hospitals, including the Accra Psychiatric Hospital, were struggling to survive on low funding. In Europe, nearly an equal proportion of nations spend more than more than 5% of their health budget tackling the issue.
Monaco sack manager Leonardo Jardim
Leonardo Jardim was sacked on Thursday with the club 18th in Ligue 1 , having won just one of their opening nine matches. Martinez has backed Henry to succeed at Monaco , and said: "Thierry is ready to take a club".
Soon, get original shows for free in all Apple devices
CNBC reported that Apple plans on debuting the revamped TV app with original content and new features in "early 2019". By creating a library of entirely family friendly content, Apple can stand apart from Netflix as something different.
Trump says Federal Reserve ‘has gone crazy’ after big stock drop
Trump said earlier this week that he thought the central bank was moving too quickly with a series of planned interest rate hikes. On Wednesday, the Dow plunged more than 830 points as investors anxious that rising interest rates might slow economic growth.