CFIUS Head Announces Departure
Paul Rosen, who has served as the Treasury Department’s lead official for the Committee on Foreign Investment in the U.S. since being confirmed by the Senate in 2022 (see 2205250017), left the agency earlier this month, he announced on LinkedIn.
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Rosen, who was Treasury’s assistant secretary for investment security, took several steps meant to boost the committee’s enforcement powers, including a November final rule that allows CFIUS to impose higher penalties and collect a broader range of information from parties involved in non-notified transactions, among other things (see 2411180048). CFIUS also took a rare step this year in publicizing multiple penalties against companies -- including a $60 million fine against T-Mobile (see 2408150015) -- and released its first ever enforcement and penalty guidelines in 2022 (see 2210200042).
Rosen said his team helped in “building out an important and active compliance and enforcement function, updating CFIUS’s tools and regulatory authorities, enhancing CFIUS efficiencies and case processing timelines, and deepening the office’s private sector and international engagement.” He said he’s “confident the office’s career leadership will continue to take it to new heights to protect national security.”
Rosen didn't announce his next career move.