Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States
other · Treasury · Rule · Published 2020-01-17 · Effective 2020-02-13 · 85 FR 3158
Document
Document number
2020-00187
Federal Register citation
85 FR 3158
CFR reference
31 CFR 802
Type
Rule
Action
Final rule; interim rule with request for comments.
Category
other
Sub-agency
Treasury
Publication date
2020-01-17
Effective date
2020-02-13
Abstract
The final rule establishes regulations to implement the provisions relating to real estate transactions in section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment Risk Review Modernization Act of 2018. This rule sets forth the scope of, and process and procedures relating to, the national security review by the Committee on Foreign Investment in the United States of certain transactions involving the purchase or lease by, or concession to, a foreign person of certain real estate in the United States. The interim rule also adds a new definition for the term "principal place of business," and the Department of the Treasury is seeking comments on this definition.