President Biden has signed an Executive Order that ties the work of CFIUS more closely to national security priorities, and adds new factors to consider during the Committee’s review process (i.e., supply chains, cybersecurity, agriculture, broader trends, etc.). But what does it mean? Answers inside.
Hot TopicsExecutive Orders
Will forthcoming Biden E.O. lead to portfolio “national security audits?”
As rumors of a forthcoming Executive Order on outbound investment circulate, institutional investors are taking notice. Some advisors are already recommending that venture capital and private equity firms conduct “national security audits” of their portfolio companies. Details inside.
Is Biden preparing to restrict U.S. investment in Chinese technology?
According to reports, the Biden Administration is considering an Executive Order that would restrict U.S. investment in Chinese technology companies. Some say the move, which we mentioned as a possibility back in June, might preempt or ward off an “outbound CFIUS” regime. Details inside.
Summary of new Executive Orders and statements from Biden on FDI
Last week, Pres. Biden released several statements and Executive Orders covering foreign investment in the U.S., the protection of sensitive data from foreign adversaries, U.S. private investment in China, and more. Details, source documents, expert insights, and more are inside.
100-day review of supply chain completed; task force established
Back in February, Pres. Biden issued an Executive Order that mandated a 100-day review of vulnerabilities in the U.S. supply chain. That report is now completed and was published last week. Details, downloads, and information on a new supply-chain task force are inside.
NYSE delists three Chinese companies, and Trump bans eight
In case you missed it, last week saw a flurry of activity as the New York Stock Exchange proceeded with a plan to delist three Chinese companies, and President Trump issued an Executive Order to ban transactions with eight Chinese apps. Details, the orders, and more are inside.
Presidential order on TikTok has weekly certification, audit terms
As expected, President Trump has ordered Beijing-based ByteDance to sell its U.S. assets and destroy data of U.S. users. The order includes an onerous weekly certification requirement for ByteDance, and enables CFIUS to access their offices and IT systems until the divestiture is complete. Details and the full order are inside.