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Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US

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The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States.

The committee has gained expanded powers in the past five years to investigate more business deals, and agency leadership is outlining how it intends to enforce rules on investing in the U.S.

“We have been working to expand the number of monitor and auditor firms engaged in this work, including those who have not traditionally been active in the CFIUS space,” Rosen said. With increasingly tense relations between the U.S. and China, Biden administration officials have said Washington has no interest in “decoupling” from Beijing. But President Joe Biden has tried to create competitive advantages in response to China's economic and geopolitical rise.

 

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