Yellen details tighter scrutiny of investment plans of foreign-owned companies in the U.S.
Politics Sep 14, 2023 4:58 PM EDT
WASHINGTON (AP) — The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States.
“National security is a foremost priority, and we deploy a wide range of tools to safeguard it,” Treasury Secretary Janet Yellen said Thursday.
The federal government reviews and can block business activity of non-U.S. companies through the Committee on Foreign Investment in the United States, also known as CFIUS. At a conference dedicated to the committee, Yellen emphasized that CFIUS is adapting to a changing global economy as national security issues related to China are a primary consideration.'>>
https://www.pbs.org/newshour/politics/yellen-details-tighter-scrutiny-of-investment-plans-of-foreign-owned-companies-in-the-u-s?