Committee on Foreign Investment in the United States

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Committee on Foreign Investment in the United States

Also called CFIUS. An interagency group in the United States responsible for advising the president on how foreign investment affects the U.S. It consists of the heads of 16 departments and agencies and is chaired by the Secretary of the Treasury. Among other things, it is responsible for ensuring that foreign direct investment does not negatively impact U.S. national security. It was established by executive order in 1975. See also: Exon-Florio Amendment.
References in periodicals archive ?
government and has represented clients on a variety of landmark CFIUS matters, including Nexen Inc.
And CFIUS has blocked bids for local firms by telecommunications makers Huawei Technologies Company and ZTE, on the basis of concerns that two companies have infringed the patent rights of U.
company 3Com in 2008, after political pressure from Congress led the company to withdraw its CFIUS application.
CFIUS scrutiny may also apply to businesses that directly affect the U.
The CFIUS process governs "any merger, acquisition or takeover that is proposed .
Under CFIUS rules, the panel can extend a routine 30-day review into a more rigorous 90-day investigation if it sees potential risks in a transaction.
The new CFIUS law has strengthened our nation's foreign investment vetting process to prevent another Dubai Ports debacle," Representative Carolyn Maloney, the leading Democrat on the CFIUS reform committee said when the Borse Dubai deal was announced.
CFIUS is designed to review foreign investments in a manner that preserves our security without creating unnecessary and counterproductive barriers to participation in the US market.
Last year, both the House and Senate passed legislation to reform the CFIUS process.