What is Cfius and what does it
In the US, The Committee on Foreign Investment in the United
States (Cfius) is an inter-agency committee that has the
authority to review transactions that may result in foreign
persons or businesses controlling certain types of business in
the US, to ascertain their impact on US national security.
The committee has the authority to block any transaction
that it feels could have a significant impact on US national
security, a right that is exercised particularly in the areas
of defence and advanced technology.
Cfius was implemented by Executive Order 11858 in May 1975
by President Gerald Ford - initially operating pursuant to
section 721 of the Defense Production Act of 1950. The
president was first given the authority to investigate and
prohibit foreign transactions by the Exon-Florio amendment in
1988, responsibilities which were then delegated to Cfius.In
2007 the Foreign...