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ARTICLE · 20 AUGUST 2024

CFIUS Announces $60 Million Penalty And Debuts New Enforcement Website

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On August 14, 2024, the Committee on Foreign Investment in the United States ("CFIUS" or "Committee") announced a $60 million penalty, "the largest penalty CFIUS has ever issued," following its finding...

United StatesTechnology
Timothy Keeler
Timothy Keeler
Adam S. Hickey
Adam S. Hickey
Stephen Lilley
Stephen Lilley
Shelby L. Colson
Shelby L. Colson
Mickey Leibner
Mickey Leibner
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On August 14, 2024, the Committee on Foreign Investment in the United States ("CFIUS" or "Committee") announced a $60 million penalty, "the largest penalty CFIUS has ever issued," following its finding of material violations relating to a National Security Agreement (NSA). At the same time, CFIUS unveiled a new enforcement website that is intended to "provide further clarity and transparency regarding CFIUS penalties and other enforcement actions." Both provide important insights into CFIUS's rapidly developing enforcement program.

The new website details information about all of the civil monetary penalties imposed by CFIUS since 2018. For each penalty action, CFIUS describes the nature of the conduct, as identified by CFIUS, that gave rise to the penalty and mitigating and aggravating factors. As reflected in these summaries, CFIUS has issued three times more penalties in the past 20 months than it did in its prior nearly 50-year history. Underscoring CFIUS's

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