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Erin Bruce Iacobucci provides strategic advice on industrial security regulations and cybersecurity issues to clients in industries ranging from defense and aerospace, to security and cyber, to the transport and energy markets — including a global supplier of state-of-the-art inspection services for the power generation industry. Erin’s experience at the U.S. Department of Defense’s Defense Counterintelligence and Security Agency (“DCSA”, formerly Defense Security Service, “DSS”) as a Foreign Ownership, Control or Influence ("FOCI") Action Officer, where she was responsible for implementing DOD’s industrial security policies and rules pertaining to facility security and personnel security clearances, give her the insight and perspective to work with clients that are already involved in performing contracts for the U.S. government and with clients that are seeking to become involved in performing such contracts. During her tenure at the DSS, Erin drafted the current DCSA Affiliated Operations Plan template and was involved in the development of government policies on National Interest Determinations for foreign-owned companies operating under Special Security Agreements. Additionally, Erin has served as a Facility Security Officer, giving her practical experience implementing FOCI and National Industrial Security Program requirements within a major multi-national organization. 

Erin supports clients that are involved in compliance audits, as well as clients that are developing network separation plans for compliance with FOCI mitigation agreements. She provides counsel on best practices for U.S. government information security compliance and on risk-based security controls. Erin also assists clients in completing initial applications for facility security clearances, changed condition reports and annual certifications, and provides assistance with compliance audits and Foreign Ownership, Control or Influence (FOCI) mitigation agreements. Erin has worked with industry clients and on behalf of the U.S. government to negotiate Proxy Agreements, Special Security Agreements, Security Control Agreements, FOCI Board Resolutions, Limited Facility Security Clearances, Affiliated Operations Plans, Facility Location Plans, Electronic Communications Plans, Technology Control Plans, Visitation Policies, and Standard Operating Procedures.  Erin works closely with clients to create compliance briefings and conduct training programs.  

Representative Matters

  • Representation of foreign creditors to U.S. defense contractors going through bankruptcy, including required filings and negotiation of risk mitigation controls.
  • Representation of large UK defense contractor in reorganization efforts for its US businesses, streamlining compliance requirements, consolidating FOCI mitigation, and reducing duplicative costs.
  • Representation of private equity investor to structure control of portfolio companies to limit FOCI mitigation restrictions.
  • Representation of German multi-national corporation before CFIUS and the Directorate of Defense Trade Controls in connection with the German corporation’s $5 billion acquisition by a Chinese corporation, the largest acquisition of a German company by a Chinese investor, and the first Chinese corporate acquisition of a publicly traded German company.
  • Represented large defense contractor in the negotiation of a tailored Proxy Agreement following corporate reorganization.
  • Represented international satellite operator in negotiations for risk-based Proxy Agreement.
  • Assisted in the drafting and completion of annual certification submissions for nuclear technology companies.
  • Drafted ECP, TCP, FLP and AOP in support of an SSA for a multi-national materials manufacturer.
  • Counseled clients on organizational structure resulting in various FOCI mitigation agreements and supporting requirements, as well as operational structure requirements resulting from particular FOCI mitigation schemes.
  • Supported negotiations of FOCI mitigation agreements for numerous Department of Defense and National Nuclear Security Administration government contractors on behalf of industry clients and the U.S. Government.
  • Supported U.S. Department of Defense and industry clients in Exon-Florio reviews before CFIUS involving foreign acquisitions of cleared U.S. companies.
  • Reviewed the implementation of FOCI mitigation arrangements for compliance with national industrial security regulations.
  • Assisted in security, regulatory compliance and contracts due diligence for large and small acquisitions of defense industrial base contractors.
  • Supported U.S. owned and controlled companies navigating the facility security clearance application process.
  • Counseled international corporation on compliance with the Criminal Justice Information Services Security Policy.

Speeches & Events

  • Panelist, 2nd National Summit on Classified Contracts, Washington, DC, June 24, 2019.
  • Participant, Roundtable Discussion on Topics on the Under Secretary's 2019 Agenda, Washington, D.C., March 25, 2019
  • Speaker, “The Annual Aerospace & Defense Acquisitions Roundtable,” Washington, DC, April 19, 2016
  • Speaker, Special Briefing for Embassy of the United Kingdom, Washington, DC, February 26, 2016
  • Speaker, U.S. Legal Implications of Foreign Direct Investment for Chinese CEO’s, Washington, DC, September 23, 2015
  • Speaker, “Legal and Regulatory Issues that Make the Defense Sector Unique,” The Defense Industry in a Time of Change, New York City Bar Association, March 27, 2014

Publications

  • Co-author, "New Year, New NISPOM," Stoock Client Alert, February 24, 2021
  • Co-author, “CFIUS Initiatives Signal Opportunities for Some Foreign Investors,” Stroock Client Alert, February 4, 2021
  • Co-author, “NID Requirements Further Liberalized for NTIB Countries,” Stroock Client Alert, December 1, 2020
  • Co-author, “Déjà vu All Over Again: Biden’s CFIUS Should Feel Familiar,” Stroock Client Alert, November 23, 2020
  • Co-author, “Foreign Investments in the U.S. Insurance Industry Are Subject to Potential Review by the Committee on Foreign Investment in the United States,” Stroock Client Alert, October 23, 2020
  • Co-author, “This Week: New Rules Affect Mandatory CFIUS Filings and Export Controls,” Stroock Client Alert, October 13, 2020
  • Co-author, “Foreign Investments in the U.S. Insurance Industry are Subject to Potential Review by the Committee on Foreign Investment in the United States,” Stroock Client Alert, September 30, 2020
  • Co-author, “Tick-Tock, TikTok: CFIUS Indicates Time May Be Running Out for Chinese Ownership of TikTok,” Stroock Special Bulletin, August 4, 2020
  • Co-author, “Bipartisan Legislation Could Open Foreign Supply Chains to New Scrutiny,” Stroock Special Bulletin, July 13, 2020
  • Co-author, “Proposed CFIUS Regulations May Shortcut Filing Requirements for Investors From Allied Countries," Stroock Special Bulletin, May 27, 2020
  • Co-author, “Treasury Takes a Cut: CFIUS Filing Fees Begin This Week,” Stroock Special Bulletin, April 29, 2020
  • Co-author, “Foreign Ownership, Control, or Influence: FOCI Review Now Reaches DOD Unclassified Contracts and Subcontracts,” Stroock Special Bulletin, April 16, 2020
  • Co-author, “Is There a New Sheriff in Town?”, Stroock Special Bulletin, April 10, 2020
  • Co-author, “An Old Law for the New War: Defense Production Act Not Just for Government Contractors,” Stroock Special Bulletin, April 2, 2020
  • Co-author, “Mapping Risk: New CFIUS Tool for Real Estate Investors,” Stroock Special Bulletin, March 31, 2020
  • Co-author, “COVID-19, CFIUS and the Defense Production Act,” Stroock Special Bulletin, March 26, 2020
  • Co-author, “CFIUS Filing Fees: Proposed Rule Announced,” Stroock Special Bulletin, March 5, 2020
  • Co-author, “Foreign Ownership, Control, or Influence: FOCI Review Now Reaches DOD Unclassified Contracts and Subcontracts,” Contract Management Magazine, March 2, 2020.
  • Co-author, “New Decade, New CFIUS: New Rules Expand CFIUS Reach Into Non-controlling Investment and Real Estate,” Stroock Special Bulletin, January 22, 2020
  • Co-author, “Breaking News: Final CFIUS Regulations Published by Treasury,” Stroock Special Bulletin, January 13, 2020
  • Co-author, “CFIUS and Foreign Investment: 2020 Brings Changes to U.S. National Security Regulations,” Stroock Special Bulletin, January 6, 2020
  • Co-author, “Outside Director/Proxy Holder Requirements Are Changing,” Stroock Special Bulletin, October 15, 2019
  • Co-author, “Real Estate Transactions Impacted by New CFIUS Regulations,” Stroock Special Bulletin, September 23, 2019
  • Co-author, “Long-awaited CFIUS Regulations Published for Comment,” Stroock Special Bulletin, September 18, 2019
  • Co-author, “Key CFIUS Concerns for Funds,” Stroock Special Bulletin, September 12, 2019
  • Co-author, “CFIUS Clarifies Its Investment Funds Exceptions (Via Additions to Its FAQs for the Critical Technology Pilot Program),” Stroock Special Bulletin, July 10, 2019
  • Co-author, “Feddo Senate Confirmation Hearing Heralds New Era of Leadership for CFIUS,” Stroock Special Bulletin, June 6, 2019
  • Co-author, “NID Requirement Will End Sooner Than Anticipated for Some Entities,” Stroock Special Bulletin, April 25, 2019
  • Co-author, “The New Reality: CFIUS Now Able to Impact Deal Timelines During a Government Shutdown,” Stroock Special Bulletin, January 23, 2019
  • Co-author, “New Rules for New Deals: What You Need to Know About the CFIUS Pilot Program,” Stroock Commentary, December 4, 2018
  • Co-author, “Treasury Pilot Program Requires CFIUS Declarations for All Qualifying Investments,” Stroock Special Bulletin, October 10, 2018
  • Co-author, “CFIUS Reform Flies, But With Clipped Wings,” Stroock Special Bulletin, July 26, 2018
  • Co-author, “CFIUS Reform Easily Passes Senate,” Stroock Special Bulletin, June 19, 2018
  • Co-author, "The Elephant in the Room," Stroock Special Bulletin, December 4, 2017
  • Co-author, "Four Things You Need to Know About the CFIUS Reform Legislation," Stroock Special Bulletin, November 8, 2017
  • Co-author, "Some Secret and Not-So-Secret Findings in the CFIUS Annual Report," Stroock Special Bulletin, September 29, 2017
  • Co-author, "New Reporting Requirements For Foreign Travel and Foreign Contacts by Government Contractors," Stroock Special Bulletin, July 17, 2017
  • Co-author, "Second Helpings: New Legislation Would Give Agriculture and HHS Secretaries Seats at the CFIUS Table," Stroock Special Bulletin, March 21, 2017
  • Co-author, "The National Industrial Security Program Directive: Some Hits, Some Runs, Some Errors," Stroock Special Bulletin, February 13, 2017
  • Co-author, "NISPOM Amendments Affect All Cleared Contractors," Pratts Government Contracting Law Report, September 2016
  • Co-author, "Food for Thought: SAFE Act Would Add the USDA to CFIUS," Stroock Special Bulletin, August 11, 2016
  • Co-author, "NISPOM Amendments Affect All Cleared Contractors," Stroock Special Bulletin, May 25, 2016
  • Co-author, "Good News For Foreign Investors In US Defense Industry," Aerospace & Defense and Government Contracts Law360, January 27, 2016
  • Co-author, "FOCI Mitigation Update: DSS Moves to a Risk-Based Approach and the NID Process Sees Incremental Improvement," Stroock Special Bulletin, November 23, 2015
  • Co-author, "For Companies Operating Under Approved FOCI Mitigation Plans: A Shared Services Plan Checkup Can Avoid Unnecessary Costs," Stroock Special Bulletin, August 5, 2014
  • Co-author, "Defense Department Publishes Interim Final Rule Detailing Its Process for Clearing Contractors under Foreign Ownership, Control, or Influence," Stroock Special Bulletin, April 23, 2014

Quoted in:

  • "Former DoD FOCI action officer on CFIUS risks, opportunities in 2021," Foreign Investment Watch, February 17, 2021

Education

M.S., National Defense University, 2015

J.D., Washburn University School of Law, 2009

B.S., Kansas State University, 2006