PRIMER: the Committee on Foreign Investment in the United States (Cfius)

Author: John Crabb | Published: 2 Mar 2018

What is Cfius and what does it do? 

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...