Treasury CFIUS Declaration Requirements on Critical Tech Effective Oct. 15

The Treasury Department will soon require declarations to the Committee on Foreign Investment in the U.S. when transactions involving critical technologies would normally be subject to an American export license. Its final rule makes some changes and clarifications, partly due to industry comments. It's effective Oct. 15, said Tuesday's Federal Register. Existing declaration requirements for critical tech apply to transactions “for which specific actions occurred” Feb. 13-Oct. 14.