Draft CFIUS Rules on 'Sensitive Personal Data' Mean More Deal Worries for Insurers, Big Data Companies
Proposed regulations for national security reviews of deals under the Committee on Foreign Investment in the U.S. involving foreign stakes in U.S. businesses that store large amounts of “sensitive personal data” will likely mean scrutiny of many more transactions than before, especially insurers and other data-driven companies, lawyers said.
The proposals for expanded review by the Committee on Foreign Investment in the U.S., the interagency panel at the Department of the Treasury, could catch some real estate investors and funds off-guard, international trade and national security lawyers said.
“We’d been subjected to a president who had thought himself above the law. That sound familiar? We saw that president run to the courts and try and uphold that delusion. Sound familiar?” former U.S. Attorney General Loretta Lynch said in remarks in Washington.
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