New Anti-Spying Regs to Affect More Life and Health Deals

January 22, 2020 by Allison Bell

A federal agency that tries to shut out hostile foreign investors now can review more life and insurance deals.

New regulations give the Committee on Foreign Investments in the United States (CFIUS) jurisdiction over any proposed deal that could give a foreign entity influence over a sensitive U.S. business, even if the foreign entity would not end up with control over the sensitive U.S. business.

CFIUS now can review an insurance deal if it thinks a hostile foreign entity will end up with ”any involvement, other than through voting of shares,” in decisions about “sensitive personal data of U.S. citizens maintained or collected by the U.S. business.”

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Originally Posted at ThinkAdvisor on January 21, 2020 by Allison Bell.