Treasury Department officials on Friday listened to Washington attorneys rattle off a raft of concerns about the Bush administration’s plans for new rules governing foreign acquisitions of U.S. assets.

The changes would address procedures for the Committee on Foreign Investment in the United States, the interagency panel that examines U.S.-foreign deals for national security threats. Following up on legislation adopted last year revamping the CFIUS review processes, the Treasury Department on April 21 released a draft of rule changes needed to implement the new law.