The Committee on Foreign Investment in the United States has imposed an unprecedented $1 million civil penalty for repeated breaches of a 2016 CFIUS mitigation agreement, according to a notice on the U.S. Treasury Department’s website.

The penalty was imposed in 2018 without fanfare but was recently published on its resource page along with annual reports to Congress. The penalty was also imposed for “failure to establish requisite security policies and failure to provide adequate reports to CFIUS,” according to the notice.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]