CFIUS Chief Appointed to Oversee Inbound Acquisitions and Investments
The Obama administration has formally appointed Mark Jaskowiak, the acting head of the agency since last July, to be the staff chairperson of CFIUS. According to an article by Roxana Tiron and Silla Brush appearing earlier today in The Hill, Mr. Jaskowiak will become the Treasury Department's Deputy Assistant Secretary for Investment Security. The Treasury Department is the lead agency in inter-agency CFIUS.
The Hill gave additional details on Jaskowiak's resume:
Jaskowiak is a former legislative aide to Sen. Charles Schumer (D-N.Y.), a critic of the Dubai Ports deal who also played a role in efforts to reform CFIUS in the wake of the controversy. Jaskowiak also served previously as director of the Office of Multilateral Development Banks.
The Hill quoted Nancy McLernon, the president and CEO of the Organization for International Investment, a business association whose members are U.S. subsidiaries of foreign firms. Ms. McLernon's statement supported Mr. Jaskowiak's appointment.
The staff chairperson's mandate is to manage the Treasury's role in CFIUS and to provide reports to Congressional leadership and members of Congressional committees on its activities.
