U.S. Department of the Treasury

Yes.  Parties should submit draft notices through the CMS portal.  Submission of a draft notice aids the Committee’s understanding of the transaction and provides an opportunity for the Committee to request additional information to be included in the notice, if necessary.

Parties will receive an information request from CFIUS via an email from Treasury staff, sent via the CMS.  To make requested edits to a filing please return to the CMS portal and edit your submission there.  To submit responses to other requests for information, simply reply to the email from the CMS.  If you wish to reply confidentially, remove the individuals from the cc line that you do not wish to share your response with.

Please first read the User Guide located here.  If the User Guide does not address your issue, or if you are encountering technical issues, contact CFIUS.itsupport@treasury.gov.  For technical issues related to ID.me, click here.  For questions about the CFIUS process as it relates to the CMS or to provide feedback regarding the CMS, contact CFIUS.cms@treasury.gov.

After submitting information through the CMS, you will receive a confirmation email.  Active cases will also display on the dashboard module for easier management and additional submission confirmation.

CFIUS implemented the CMS to allow parties to submit all transaction-related information through a single portal in a standard and secure manner.  As of June 1, 2020, the CMS must be used to file any written notice or any declaration pursuant to 31 C.F.R. part 800 or 31 C.F.R. part 802.

No.  The transactions described in the regulations on real estate are not subject to a mandatory declaration requirement.  As a general matter, parties to a covered real estate transaction will decide whether to file a notice or submit a declaration to CFIUS.

In addition to the CFIUS Part 802 Geographic Reference Tool referenced above, information on urbanized areas and urban clusters can be found on the Census Bureau Website, including though a Web-based system, TIGERweb, which allows users to select features such as urbanized areas and urban clusters, and view such attributes on a map.

No, in certain locations, real estate transactions in urbanized areas are within the scope of the regulations.  Specifically, transactions involving real estate that is in “close proximity” (one mile) to a military installation listed in part 1 or part 2 of appendix A to part 802 is covered, as is real estate that is, is located within, or will function as part of a “covered port.”

FIRRMA excludes from CFIUS’s jurisdiction the purchase or lease by, or concession to, a foreign person of a single “housing unit,” as defined by the Census Bureau.  Given that many single housing units are conveyed with adjoining land, the regulations on real estate also exclude any fixtures and adjacent land but only to the extent they are incidental to the intended use of the real estate as a housing unit.  Fixtures and land may be considered incidental if their size and nature is common for similar single housing units in the locality in which the unit is located.  If the incidental fixtures or land is not common for other similar housing units in the locality, the exception would apply only to the housing unit itself.

No.  The regulations on real estate transactions exclude from CFIUS’s jurisdiction under 31 C.F.R. part 802 certain transactions based on characteristics of the foreign person, the transaction, and the real estate.  The regulations include a section on “excepted real estate transactions” and exclude the following, subject to certain conditions:

• real estate transactions involving an excepted real estate investor;
• real estate transactions that are part of a “covered transaction” under the part 800 regulations (though such transaction may separately be subject to CFIUS’ jurisdiction under 31 C.F.R. part 800);
• real estate transactions in an “urbanized area” or “urban cluster,” as defined by the Census Bureau, except those relating to “covered ports” and those in “close proximity” to certain military installations;
• the purchase, lease, or concession of a single “housing unit,” as defined by the Census Bureau;
• the lease or concession of real estate in airports and maritime ports for the purpose of retail sales;
• the lease or concession of real estate in airports and maritime ports involving a foreign air carrier with a security program accepted by the Transportation Security Administration;
• the purchase, lease, or concession of certain commercial space in a multi-unit commercial building; and

transactions involving real estate owned by Alaska Natives or held in trust by the United States for certain native populations.