U.S. National Security and Foreign Investment in the Intelligence of Technology
“This Executive Order (E.O. or the Order) is the first E.O. since CFIUS was established in 1975 to provide formal Presidential direction on the risks that the Committee should consider when reviewing a covered transaction. The Order explicitly recognizes that some countries use foreign investment to obtain access to sensitive data and technologies for purposes that are detrimental to U.S. national security, and seeks to ensure that CFIUS remains an effective tool to combat these threats now and in the future. More broadly, this Order explicitly ties CFIUS’ role, actions, and capabilities with the Administration’s overall national security priorities—including preserving U.S. technological leadership, protecting Americans’ sensitive data, and enhancing U.S. supply chain resilience—to ensure that the United States’ national security tools and objectives are consistent and mutually reinforcing.”
Source: Extract from the Fact Sheet, Statements and Release, White House, September 15, 2022, https://lnkd.in/exb52pBM
BRIEFING ROOM
FACT SHEET: President Biden Signs Executive Order to Ensure Robust Reviews of Evolving National Security Risks by the Committee on Foreign Investment in the United States
SEPTEMBER 15, 2022 • STATEMENTS AND RELEASES
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#whitehouse #intelligence #threats #sensitivedata #cfius
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