Regulations Pertaining to Mergers, Acquisitions and Takeovers
On July 26, 2007, President Bush signed into law the Foreign Investment and National Security Act of 2007 (``FINSA''), which amends section 721 of the Defense Production Act of 1950. Section 721 creates a process by which the President and his delegee, the Committee on Foreign Investment in the United States (``CFIUS''), conduct national security reviews of foreign acquisitions of control of U.S. businesses. As chair of CFIUS, Treasury has begun preparatory work on regulations that implement these new legislative provisions. Treasury is interested in private sector views on issues relating to the existing national security review process, as well as issues raised by FINSA, and is inviting both written and oral comments.