Treasury Releases Final FIRRMA Regulations

The Treasury Department released final regulations for the Foreign Investment Risk Review Modernization Act of 2018 on Jan. 13, along with a fact sheet and a set of frequently asked questions. The regulations, which will take effect Feb. 13, grant expanded authorities to the Committee on Foreign Investment in the U.S. Treasury said the final regulations made several changes to the agency’s proposed regulations, released in September (see 1909180018), including defining additional terms and introducing an interim rule for a new definition of “principal place of business.”