Protecting Sensitive Data: Increased Scrutiny of Foreign Investments in Data Companies.
This law aims to enhance the security of U.S. citizens' personal data. It expands government oversight (CFIUS) of foreign investments in American businesses that collect or maintain sensitive private information. This measure is designed to prevent foreign entities that pose a national security risk from gaining control over Americans' data, directly impacting the protection of citizens' financial and health privacy.
Key points
The U.S. government gains expanded authority to review and potentially block foreign investments in companies holding sensitive personal data (e.g., medical, financial records).
The primary goal is to protect citizens' private information from access or control by foreign governments or entities, strengthening data security.
Expired
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