Latest in Committee on Foreign Investment (CFIUS)
The Executive Order highlights five areas of attention the Biden administration identified as being risks for national security that the Committee on Foreign Investment should consider.
There has been a recent bipartisan shift to frame economic issues—among many others—in security terms.
Rather than focusing on single vectors of data collection and transmission, the U.S. government must respond comprehensively to the many vectors of data collection, aggregation, buying, selling and sharing that pose risks to national security.
The unprecedented intervention by CFIUS in a business transaction between two predominantly foreign companies demonstrates the growing scope in the jurisdiction of the committee.
What have CFIUS and Team Telecom been up to?
CFIUS forced a Chinese firm to sell Grindr in 2019. Yet the application is sharing data widely today, including to a company in China.
Policymakers have paid scant consideration to the national security implications of unfettered, largely unregulated data brokering. That may be changing.
The EFS provision offers a new lever through which the United States can incentivize (or compel) consistent standards on foreign investment reviews across like-minded nations.
In this week’s episode, co-hosts Steve Vladeck and Bobby Chesney discuss and debate:
Is TikTok’s suit against the government likely to succeed? Not in conventional terms—but maybe that’s not the right way to look at it.