President Biden ordered federal agencies reviewing
foreign investments to consider enhanced factors affecting national
security, including supply chain resilience, technological
leadership, cybersecurity, sensitive personal data, and industry
trends. In an Executive Order signed on September 15, 2022 (the
“Order”), the President directed the Committee on
Foreign Investment in the United States (“CFIUS”) to
consider five factors affecting national security risks during its
review process.1 CFIUS is an interagency committee
authorized to review certain transactions involving foreign
investment in the United States to determine the impact of such
investment on U.S. national security concerns. Our prior memoranda
on CFIUS can be found
here.
