BAE Systems and other organizations are urging the Treasury Department to clarify an interim rule expanding the scope of transactions overseen by the Committee on Foreign Investment in the United States, as BAE argues the current rules could harm trusted, foreign-owned defense firms. The interim rule, put into effect Nov. 10 , expands CFIUS' jurisdiction to non-controlling investments by foreign persons in a U.S. business dealing in critical technologies and requires mandatory declarations on those transactions. Previously, the committee's oversight...
