Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 57

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 3
Chunk 57
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 of the U. S. Department of the Treasury (“OFAC”), the U. S. Department of Commerce and the U. S. Department of State administer and enforce various trade control laws and regulations, including economic and trade sanctions based on U. S. foreign policy and national security goals against targeted foreign states, organizations and individuals. These laws and regulations implicate a number of aspects of our business, including servicing existing investors, finding new investors, and sourcing new investments, as well as activities by the portfolio companies in our investment portfolio or other controlled investments. Some of these regulations provide that penalties can be imposed on us for the conduct of a portfolio company, even if we have not ourselves violated any regulation. Similar laws in non-U. S. jurisdictions, such as the Special Economic Measures Act(Canada), the United Nations Act(Canada) and theJustice for Victims of Corrupt Foreign Officials Act(Canada) and E. U. sanctions, may also impose restrictions or requirements on our group or our group’s operating subsidiaries. Applicable laws of various jurisdictions may contain conflicting provisions, making our compliance more difficult. For example, Canada has adopted measures, such as theCanadian Foreign Extraterritorial Measures Act, that could restrict certain persons and entities subject to Canadian jurisdiction from complying with extra-territorial sanctions imposed by other jurisdictions, such as the U. S. Beginning in February 2022, the United States and other countries began imposing meaningful sanctions targeting Russia as a result of actions taken by Russia in Ukraine. Our group and our portfolio companies are required to comply with these and potentially additional sanctions imposed by the United States and by other countries, for which the full costs, burdens, and limitations on our and our operating businesses and prospects are currently unknown and may become significant.

Brookfield Infrastructure Corporation 53

In addition, the U. S. and many non-U. S. countries have laws designed to protect national security or to restrict foreign direct investment. For example, under the United States Foreign Investment Risk Review Modernization Act (“ FIRRMA”), the Committee on Foreign Investment in the United States (“CFIUS”) has the authority to review, block or impose conditions on investments by non-U. S. persons in U. S. companies or real assets deemed critical or sensitive to the United States. Many non-U. S. jurisdictions have similar laws. For example, the E. U. has adopted an E. U.-wide mechanism to screen foreign investment on national security grounds and most E. U. member states