Rule2023-02531
Determination Regarding Excepted Real Estate Foreign States
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 13, 2023
Effective
February 10, 2023
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States, is publishing the Committee's determination that two foreign states have made significant progress toward establishing and effectively utilizing a robust process to analyze foreign investments for national security risks and to facilitate coordination with the United States on matters relating to investment security.
Full Text
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<title>Federal Register, Volume 88 Issue 29 (Monday, February 13, 2023)</title>
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[Federal Register Volume 88, Number 29 (Monday, February 13, 2023)]
[Rules and Regulations]
[Pages 9190-9191]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-02531]
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DEPARTMENT OF THE TREASURY
31 CFR Part 802
Determination Regarding Excepted Real Estate Foreign States
AGENCY: Office of Investment Security, Department of the Treasury.
ACTION: Determination.
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SUMMARY: The Department of the Treasury, as Chair of the Committee on
Foreign Investment in the United States, is publishing the Committee's
determination that two foreign states have made significant progress
toward establishing and effectively utilizing a robust process to
analyze foreign investments for national security risks and to
facilitate coordination with the United States on matters relating to
investment security.
DATES: Effective February 10, 2023.
FOR FURTHER INFORMATION CONTACT: Joshua Jungman, Deputy Director of
Investment Security Policy and International Relations, at U.S.
Department of the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC
20220; telephone: (202) 622-1749; email: <a href="/cdn-cgi/l/email-protection#a9eaefe0fcfa87efe0fbfbe4e8e9dddbccc8dadcdbd087cec6df"><span class="__cf_email__" data-cfemail="3a797c736f69147c736868777b7a4e485f5b494f4843145d554c">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The list of excepted real estate foreign states and additional
information with respect to the Committee on Foreign Investment in the
United States (CFIUS or the Committee) are available on the Committee's
section of the Department of the Treasury website.
Notice of CFIUS Action
The Committee, taking into consideration the factors identified on
[[Page 9191]]
the Committee's section of the Department of the Treasury website, has
determined, under the authority of section 721 of the Defense
Production Act of 1950, as amended, and 31 CFR 802.1001(a), that: (1)
New Zealand has made significant progress toward establishing and
effectively utilizing a robust process to analyze foreign investments
for national security risks and to facilitate coordination with the
United States on matters relating to investment security; and (2) the
United Kingdom of Great Britain and Northern Ireland has made
significant progress toward establishing and effectively utilizing a
robust process to analyze foreign investments for national security
risks and to facilitate coordination with the United States on matters
relating to investment security.
This determination satisfies the second criterion in the definition
of excepted real estate foreign state under 31 CFR 802.214 with respect
to New Zealand and the United Kingdom of Great Britain and Northern
Ireland. Therefore, New Zealand and the United Kingdom of Great Britain
and Northern Ireland are and will remain excepted real estate foreign
states absent further Committee action and notice in the Federal
Register.
Paul Rosen,
Assistant Secretary for Investment Security.
[FR Doc. 2023-02531 Filed 2-10-23; 8:45 am]
BILLING CODE P
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