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The Green Paper concluded that no changes were needed to the wider public interest regime.Notification of relevant transactions covered by the regime will be voluntary, with the Government having the option of calling in non-notified transactions for a national security assessment.
As part of the ROI Initiative, NIST implemented an open, inclusive, and collaborative process to identify and assess options for supporting the ROI Initiatives overall goal and objectives. It provides an initial summary of key stakeholder inputs and identifies short-term and long-term actions to modernize the U. system of technology transfer and innovation for the 21st century.
This Green Paper is a discussion document based on an assessment of the feedback from the U. Implementation of any of the intended actions that require specific policy, legislative, and/or regulatory actions will be advanced via formal proposals subject to appropriate interagency review, and public comment.
The Return on Investment (ROI) Initiative for Unleashing American Innovation is part of a national conversation that is designed to advance the Lab-to-Market cross agency priority (CAP) goal of the Presidents Management Agenda (PMA).
The ROI Initiatives goal is to maximize the transfer of Federal investments in science and technology into value for America in ways that will (a) meet current and future economic and national security needs in a rapidly shifting technology marketplace and enhance U. competitiveness globally, and (b) attract greater private sector investment to create innovative products, processes, and services, as well as new businesses and industries.
It estimates that it is likely to receive about 200 notifications each year of which 100 will raise national security concerns and of which 50 will be subject to some kind of intervention. To put this into context, this is likely to be at least three times the number of UK merger notifications currently made to the CMA.
There will also be powers to request information in relation to specific trigger events that the Government is aware of in order to inform its decision as to whether to call in a trigger event for screening.
The consultation will remain open until 16 October for responses from stakeholders.
Following the consultation responses to the Green Paper, the Government now wishes to press ahead with its plans.
The new regime is only related to national security which will be assessed by the Government.
The proposals also involve removing the existing national security considerations from the Enterprise Act 2002 .