Treasury Debuts Plan to Penalize Foreign Investment Threatening National Security
The Biden administration released the first-ever enforcement and penalty guidelines for foreign companies and investors that violate national security review protocols, a move that comes as federal officials and lawmakers have expressed growing concerns about the involvement of China and other adversarial nations in the operations of major technology companies. The new guidelines for the Committee on Foreign Investment in the United States—or CFIUS—describe how the committee will determine the imposition of penalties in instances where foreign investors or companies fail to properly safeguard national security. CFIUS, which is overseen by the Treasury Department, is responsible for identifying and mitigating national security risks related to foreign ownership of or investments in U.S. companies. To read more, click here.