Committee on Foreign Investment in the United States information
U.S. government agency
The Committee on Foreign Investment in the United States (CFIUS, /ˈsɪfiəs/) is an inter-agency committee in the United States government that reviews the national security implications of foreign investments in U.S. companies or operations, using classified information from the United States Intelligence Community.[1]
CFIUS is chaired by the United States Secretary of the Treasury and includes representatives from 16 U.S. executive departments and agencies, including the Departments of Defense, State, Commerce, and Homeland Security. Additionally, certain White House offices observe and participate as needed, such as the Office of Management & Budget, Council of Economic Advisers, National Security Council, Homeland Security Council, and National Economic Council.[2]
CFIUS was established in 1975 by President Gerald Ford's Executive Order 11858, initially to study foreign investment. But during the 1980s, fear of Japanese investment (and in particular a proposed purchase of Fairchild Semiconductor by Fujitsu) led Congress to pass the Exon–Florio Amendment in 1988, which empowered CFIUS to reject deals. CFIUS is further codified under law via Section 721 of the Defense Production Act and Foreign Investment and National Security Act of 2007. CFIUS does not acknowledge which deals are under review, does not require the involvement of any of the parties of a deal, and does not publicly announce its findings.[3] There is no statute of limitations for CFIUS to exert jurisdiction over a transaction. Companies and/or persons that have failed to make an appropriate filing for their transactions, whether old or new, may sustain a penalty if they did so in gross negligence of, or with intent to evade, the law.[4]
^"The Committee on Foreign Investment in the United States (CFIUS)". U.S. Department of the Treasury. January 25, 2024. Retrieved January 30, 2024.
^"CFIUS Overview | U.S. Department of the Treasury" Archived March 30, 2023, at the Wayback Machine
^Granville, Kevin (March 5, 2018). "Cfius, Powerful and Unseen, Is a Gatekeeper on Major Deals". The New York Times. Archived from the original on March 31, 2019. Retrieved April 1, 2019.
^"CFIUS Builds on 2022 Activity, Promising More Investor Oversight". Archived from the original on March 13, 2023. Retrieved March 13, 2023.
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