JANUARY 31, 2020
Welcome to the new AFIRE Tax & Regulatory Briefing!
This month, much of the focus provides a glimpse of what’s to come in 2020, including new FTC reporting thresholds, the implications of new CFIUS rules for transactions involving critical tech and infrastructure, clarifications from the CFPB on the definition of “abusive practices,” and more.
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Goodwin: “As required by the HSR Act, on January 28, 2020, the FTC released its annual adjustments to the reporting thresholds. The key number to remember is now $94 million. Generally, transactions valued at $94 million or more must be reported and cleared by the federal antitrust authorities before the transaction may close.” READ MORE.
Stroock: “After months of anticipation, the Department of the Treasury has published its final rules implementing the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), significantly expanding the reach of the Committee on Foreign Investment in the United States (CFIUS). Formal implementation of these rules will have a significant and immediate effect for foreign investors in the United States.” READ MORE.
Pensions & Investments: “The primary focus of a CFIUS review will be transactions involving critical technology and infrastructure or operations that collect sensitive personal data on U.S. citizens and the degree of foreign control of those arrangements. Critical infrastructure sectors include telecommunications, utilities, energy and transportation.” READ MORE.
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