WASHINGTON — U.S. Treasury wants to enhance the power of a little-known, secretive government committee to review deals made between U.S. firms and foreign investors.
John Carlin, the former Justice Department national security chief and a partner at the Paul Weiss law firm, said the proposed rule shows how “corporations are on the front lines of national security policy and how seriously the government is taking foreign investments." J. Philip Ludvigson, a partner at the law firm King & Spalding, said the proposed regulations “are yet another indicator of an increasingly aggressive posture in protecting national security." Ludvigson is a former director for CFIUS Monitoring & Enforcement.
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