1 April 2019
CFIUS Office Head Given Higher Title Within Treasury Department
The White House announced on 26 March the nomination of Thomas Feddo, current deputy assistant secretary of the Treasury for investment security, to be assistant secretary of the Treasury for investment security. This higher-level position created by the Foreign Investment Risk Review Modernization Act (FIRRMA) requires Senate confirmation and will give Feddo greater authority both within the Treasury Department and in dealing with other agencies of the Committee on Foreign Investment in the United States.
Feddo currently serves as director of Treasury’s Office of Investment Security but Heath Tarbert, current assistant secretary of the Treasury for international markets, serves as policy chair of CFIUS along with other responsibilities within Treasury. Feddo’s promotion will raise the prominence of the Office of Investment Security as it chairs CFIUS, the inter-agency committee that reviews security concerns associated with foreign investments in the United States.
Feddo was previously a partner in a Washington, D.C. law firm following five years as assistant director for enforcement in Treasury’s Office of Foreign Assets Control, which implements U.S. economic sanctions. Prior to that post, Feddo served as committee staff in the U.S. House of Representatives and held several positions in the U.S. Navy. He is a graduate of the U.S. Naval Academy and The George Washington University Law School.