Share on LinkedInShare on LinkedIn

ARTICLE · 21 SEPTEMBER 2022

New Executive Order Formalizes Expanded CFIUS Purview

On September 15, 2022, President Biden issued an Executive Order titled "Executive Order on Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment...

United StatesGovernment, Public Sector

On September 15, 2022, President Biden issued an Executive Order titled "Executive Order on Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States" (the "Executive Order"). The Executive Order formalizes the recent, expansive interpretation by the Committee on Foreign Investment in the United States ("CFIUS" or the "Committee") of its national security remit.

The Executive Order is best read as an implicit, presidential ratification of the Committee's current modus operandi. Importantly, the Executive Order "does not change CFIUS processes or legal jurisdiction," nor does it seek to impose any guardrails around the Committee's judgment as to what constitutes a national security threat ("CFIUS may consider any national security risk arising out of a transaction over which it has jurisdiction").1 However, the Executive Order foreseeably will cement the Committee's recent approach to national

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from