Source: https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius/cfius-pilot-program
Timestamp: 2020-04-08 01:34:16
Document Index: 355448686

Matched Legal Cases: ['art 801', 'art 801', '§ 801', '§ 801', 'art 801', '§ 801', '§ 801']

CFIUS Pilot Program Instructions (Part 801) | U.S. Department of the Treasury
CRITICAL TECHNOLOGY PILOT PROGRAM (31 C.F.R. part 801)
Pursuant to FIRRMA, CFIUS is implementing a pilot program related to critical technology, which became effective on November 10, 2018 and remains in effect through February 12, 2020. Additional information is provided below.
Press Q&A on Pilot Program
Parties that submit a declaration regarding a pilot program covered transaction to CFIUS must do so in accordance with the procedures outlined in the pilot program regulations at 31 C.F.R. § 801.402. The declaration must include the information required by the regulations at 31 C.F.R. § 801.403.
This web site outlines the basic requirements for declarations and other information that may be useful to parties, but does not create any rights for, nor confer any rights on, any person, nor operate to bind the U.S. Government. Parties must consult the pilot program regulations at 31 C.F.R. § part 801 to ensure that a declaration meets all legal requirements for acceptance. Parties may also contact the Staff Chairperson with questions.
2. Submitting a Pilot Program Declaration to CFIUS
Upon receipt of a declaration submitted pursuant to 31 C.F.R. § 801.401, the Staff Chairperson will promptly inspect the declaration for completeness. Upon determining that the declaration meets all requirements set forth at 31 C.F.R. § 801.403 and, therefore, is complete, the Staff Chairperson will accept the declaration and circulate the declaration to all CFIUS agencies. Upon accepting a declaration, the Staff Chairperson will promptly notify the parties in writing of the date that the assessment period started. This assessment period ends no later than the 30th day after it has commenced, or if the 30th day is not a business day, no later than the next business day after the 30th day. The Staff Chairperson or other Treasury Department official will advise the parties in writing if CFIUS requires further information or action by the parties.