WASHINGTON - Foreign investment in the United States will be more strictly reviewed for evolving risks to national security, per an executive order from President Joe Biden.
A fact sheet released by the White House said:"The order explicitly recognises that some countries use foreign investment to obtain access to sensitive data and technologies for purposes that are detrimental to US national security, and seeks to ensure that CFIUS remains an effective tool to combat these threats now and in future."
The executive order instructs the inter-agency committee to review investments"both within and outside the defence industrial base" for their impact on supply chain resilience and security. Asked if the tightened scrutiny was aimed at investments from China, an official insisted that"there's nothing that's China-specific about this order, or CFIUS."
"China is making an aggressive play to buy and steal US intellectual property," Senator Rubio warned last month.