Billing Code 4810-AK-P
DEPARTMENT OF THE TREASURY
Office of Investment Security
31 CFR Part 800
Determination Regarding Excepted Foreign States
AGENCY: Office of Investment Security, Department of the Treasury
ACTION: Determination.
SUMMARY: The Department of the Treasury, as Chair of the Committee on Foreign
Investment in the United States, is publishing the Committee’s determination that two foreign
states have established and are effectively utilizing a robust process to analyze foreign
investments for national security risks and to facilitate coordination with the United States on
matters relating to investment security.
DATES Effective January 5, 2022.
FOR FURTHER INFORMATION CONTACT: Laura Black, Director of Investment Security
Policy and International Relations, at U.S. Department of the Treasury, 1500 Pennsylvania
Avenue, NW, Washington, DC 20220; telephone: (202) 622-3425; email:
CFIUS.FIRRMA@treasury.gov.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The list of excepted foreign states and additional information with respect to the Committee on
Foreign Investment in the United States (CFIUS or the Committee) are available on the
Committee’s section of the Department of the Treasury website.
Notice of CFIUS Action
The Committee, taking into consideration the factors identified on the Committee’s
section of the Department of the Treasury website, has determined, under the authority of section
721 of the Defense Production Act of 1950, as amended, and 31 CFR 800.1001(a), that: (1)

Australia has established and is effectively utilizing a robust process to analyze foreign
investments for national security risks and to facilitate coordination with the United States on
matters relating to investment security; and (2) Canada has established and is effectively utilizing
a robust process to analyze foreign investments for national security risks and to facilitate
coordination with the United States on matters relating to investment security.
This determination satisfies the second criterion in the definition of excepted foreign state
under 31 CFR 800.218 with respect to Australia and Canada. Therefore, Australia and Canada
are and will remain excepted foreign states absent further Committee action and notice in the
Federal Register.

Larry McDonald,
Acting Assistant Secretary for International Markets.
[FR Doc. 2021-28598 Filed: 1/5/2022 8:45 am; Publication Date: 1/6/2022]