CFIUS Moving to Document Enforcement Process, GAO Says
The Treasury Department is making progress in its effort to document the process that the Committee on Foreign Investment in the U.S. uses to reach consensus on enforcing mitigation agreements, the Government Accountability Office said Aug. 19.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
“As of April 2025, Treasury reported that it has developed draft enforcement procedures and sought initial comments from committee members,” the GAO said. “To fully implement this recommendation, Treasury needs to obtain committee consensus to finalize the procedures.”
The GAO recommended the process documentation effort in an April 2024 report, saying it would help CFIUS member agencies respond to violations in a timely manner (see 2404180069).
Last year’s report also called for documenting the process CFIUS uses to determine whether to terminate outdated mitigation agreements. Treasury implemented that recommendation in February, the GAO said in an online tracking chart.
Of the three other recommendations in the chart, two are considered implemented. Treasury has taken steps to document its objectives for expanding its CFIUS monitoring and compliance staff, and it's working to regularly discuss future staffing needs with other CFIUS member agencies, the GAO said. An open recommendation calls for analyzing the extent to which the staffing increase, once completed, enables Treasury to achieve its documented objectives.