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Committee on Foreign Investment in the United States (CFIUS)

(U.S.) Created in 1975 to provide guidance on arrangements with foreign governments for advance consultations on prospective major foreign governmental investments in the United States, and to consider proposals for new legislation or regulation relating to foreign investment.
The authority of the Committee was amended by Section 5021 (the Exon-Florio provision) of the Omnibus Trade and Competitiveness Act of 1988 (Section 721 of the Defense Production Act), which gives the president authority to review mergers, acquisitions, and takeovers of U.S. companies by foreign interests and to prohibit, suspend, or seek divestiture in the courts of investments that may lead to actions that threaten to impair the national security.
By Executive Order in December 1988, the U.S. Treasury has authority to implement the Exon-Florio provision. CFIUS has eight members: Treasury (the chair), State, Defense, Commerce, the Council of Economic Advisors, the U.S. Trade Representative, the Attorney General, and the Office of Management and Budget.
The Office of Strategic Industries and Economic Security serves as Commerce’s representative to CFIUS. Contact: Committee on Foreign Investment in the United States, Office of International Investment; Department of Treasury; 1500 Pennsylvania Avenue, NW; Washington, DC 20220 USA; Tel: [1] (202) 622-1860; Web: www.ustreas.gov/offices/international-affairs/cfius/.

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