Committee on Foreign Investment in the U.S. (CFIUS)
Per a 1975 executive order, CFIUS is an interagency committee that reviews certain foreign acquisitions, mergers, or takeovers of U.S. businesses to determine the effect of a transaction on the national security of the United States. The Committee is chaired by the Secretary of the Treasury and includes nine voting members. Under the authority, direction, and control of the Under Secretary of Defense for Acquisition and Sustainment (USD(A&S)) Industrial Policy (IndPol) manages the CFIUS process for the Department.
- CFIUS is notified of a foreign acquisition of a U.S. entity
- Committee has 45 days to determine whether the transaction threatens national security
- Transaction is approved OR an additional 45-day Presidential investigation is initiated
- Transactions can be approved as-is, with mitigation, or they are sent to White House with a recommendation for action