WASHINGTON, Jan 13 (Reuters) - The Trump administration will exempt some companies from Australia, Canada and the United Kingdom from beefed up scrutiny of foreign investments in the United States, under rules set to be released on Monday, a senior Treasury official said.
The finalized rules, which will go into effect on Feb. 13, extend the powers of the Committee on Foreign Investment in the United States, known as CFIUS, which has increasingly flexed its muscles against China.
They are part of a bid, enshrined in law in 2018, to extend the committee's powers to review non-controlling investments made by foreigners in key areas like in critical technologies, infrastructure and sensitive personal data.354-5865; Reuters Messaging: [email protected] - https://twitter.com/alexalper?lang=en))
