Increased Transparency and Accountability for Foreign Investments Affecting US Security.
This law tightens oversight of foreign investments in the US that could pose a national security risk. It creates a formal process allowing member agencies of the Committee to request a review of a transaction, and if the Committee does not initiate a review, it must issue a public notice to appropriate congressional committees. This ensures greater transparency regarding decisions to protect critical economic sectors.
Key points
Member agencies of the Committee can now formally request that the Committee (CFIUS) review specific transactions.
If the Committee decides not to review a transaction, it must issue a public notice to Congress describing the transaction and the decision (while keeping party names classified).
The goal is to enhance national security by formalizing the process for requesting investment reviews.
Status:
Expired
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