![]() The 2018 legislation expanded CFIUS' oversight to review certain joint ventures, minority stakes and real estate deals near military bases or other sensitive national security facilities. But the officials added that the administration hopes by publicly highlighting and sharpening the committee's focus on what the administration sees as emerging risks, it will give greater clarity to businesses and investors as they look at national security risks that may arise from a potential transaction.īefore the 2018 legislation, CFIUS investigated cases in which a foreign company’s attempt to acquire or merge with an American company could pose a national security risk. ![]() “Strengthening our supply chains and protecting against foreign threats enhances our national security, and this executive order highlights CFIUS’s important role in that work."īiden's executive order comes after CFIUS' oversight role of foreign investment was significantly expanded by 2018 legislation passed by Congress.ĬFIUS already has been considering many of the criteria laid out in Biden's executive order, according to senior administration officials, who briefed reporters on the condition of anonymity under ground rules set by the White House. open investment policy,” Treasury Secretary Janet Yellen said in a statement. “President Biden’s executive order highlights CFIUS’s increasing attention to national security risks in several key areas and sharpens the committee’s focus on protecting America’s national security, while maintaining the U.S. residents' sensitive data should also be considered. It also calls on CFIUS to consider cybersecurity risks that could stem from a transaction and stipulates that the risks to U.S. ![]() national security and on broader investment trends. technological leadership in areas affecting U.S. supply chains and the impact it could have on U.S. The order calls for CFIUS to weigh whether a foreign investment or sale could affect the resilience of critical U.S.
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