CFIUS is a government panel whose members are tasked with reviewing business and real estate transactions that involve foreign investments made in US firms. They then conclude if the potential deals pose any national security risks or not. If they decide a deal poses such threats, it doesn't necessarily mean that the deal won't move forward — only the president's executive order can do that, and only abouthave been blocked that way since 1990 as Bloomberg notes.
The body was formed in 1975 and has reviewed thousands of deals, and a 2018 act, dubbed FIRRMA, passed under the Trump administration gave it a whole new bout of power. The new regulations gave CFIUS greater jurisdiction in scrutinizing deals — including much more so in the tech world. One of the most recent high-profile tech investigations was when CFIUS probed the Singapore-based chipmaker Broadcom's $117 billion plan to acquire its US rival, California-based Qualcomm. President Trump ended up issuing an executive orderSince around 2016, CFIUS has delved more so into scrutinizing deals that involve Chinese tech firms, as thereported, and has reviewed 114 deals involving Chinese investment between 2016 and 2017.
All of which is to say this committee has been given much more control in recent years over its ability to investigate outside investments in US companies, and it's playing a pivotal role in the Trump-China-TikTok-Microsoft discussions.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
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