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ARTICLE · 22 SEPTEMBER 2020

Taking On TikTok: CFIUS On The Front Page (And In The Fine Print)

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The Committee on Foreign Investment in the United States (CFIUS) has been in the headlines in recent weeks as the Trump administration, in consultation with CFIUS...

CanadaGovernment, Public Sector
Christopher Caparelli
Christopher Caparelli
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The Committee on Foreign Investment in the United States (CFIUS) has been in the headlines in recent weeks as the Trump administration, in consultation with CFIUS, has threatened a ban on Americans' access to TikTok, a popular video sharing mobile application, owned by China's ByteDance. CFIUS has also finalized new rules that amend the scope of transactions subject to CFIUS's mandatory review.

What you need to know

  • CFIUS's profile has grown as it seeks to coerce China's ByteDance to sell its popular TikTok app to U.S. owners. As of September 20, 2020, the U.S. government had tentatively approved a deal for minority U.S. ownership of TikTok, temporarily averting a ban on downloads and updates of the app within the United States.

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