Hot Topics

Congressional Letters
Congressional letters to Treasury seek action on foreign transactions

Congressional letters to Treasury seek action on foreign transactions

Last week, Congressional leaders from Kansas and Montana sent letters to the Biden Administration requesting that CFIUS review specific transactions in their states. Both deals involved investors or corporations tied to the Chinese Communist Party. Details, the letters, and context are inside.

Senators question whether foreign governments are skirting CFIUS

Senators question whether foreign governments are skirting CFIUS

The ranking members of three high-profile Senate finance and budget committees have sent an oversight inquiry to U.S. Treasury Secretary Janet Yellen that raised concerns about how foreign governments could be skirting the CFIUS review process. Details and a copy of the letter are inside.

U.S. Senator pens letters to Justice, State, SEC, Commerce on Ford deal

U.S. Senator pens letters to Justice, State, SEC, Commerce on Ford deal

It’s not uncommon for U.S. Congressional leaders to send letters to the Treasury Secretary, urging that CFIUS review a particular transaction. But its rare letters also get sent to the Departments of Justice, Commerce, State, the SEC, and U.S. Customs and Border Protection. Until now. Details, letters inside.

SVB and CFIUS: Is the Committee already on top of the bank failures?

SVB and CFIUS: Is the Committee already on top of the bank failures?

Experts say the collapse of Silicon Valley Bank and Signature Bank has raised important questions regarding foreign investment and national security. Among them: Might SVB assets, or even FDIC rescue capital, end up in the hands of entities controlled by the People’s Republic of China? Insights inside.

Senator wants Twitter probe by CFIUS. Does it have jurisdiction?

Senator wants Twitter probe by CFIUS. Does it have jurisdiction?

In a letter to Treasury Secretary Janet Yellen, U.S. Senator Chris Murphy (D-Conn.) urged CFIUS “to immediately conduct a review” of changes to Twitter’s ownership, including the stake held by Saudi Arabia. But experts say CFIUS may not have jurisdiction. Insights and the letter are inside.

Republicans ask GAO to look at foreign investment in U.S. farms

Republicans ask GAO to look at foreign investment in U.S. farms

Citing “inaccuracies” in foreign investment data collected by the Department of Agriculture, more than 100 U.S. House Republicans have asked the Government Accountability Office to study foreign investment in U.S. farmland, and its impact on national security. Details and the letter are inside.

Congressional leaders speaking out on outbound investment reviews

Congressional leaders speaking out on outbound investment reviews

Rep. Patrick McHenry (R-NC), Ranking Member on the House Financial Services Committee, is the latest to chime in on national-security reviews of outbound investments, urging the Biden Administration to avoid resorting to “unilateral measures.” Details, the letter, and others are inside.

Ex-CFIUS, BIS heads push back on outbound screening proposal

Ex-CFIUS, BIS heads push back on outbound screening proposal

In a letter to the chair of the Senate Banking Committee, three former national security officials have registered their concerns about the proposed Committee on National Critical Capabilities, which would oversee an “outbound” investment screening regime. Details and the letter are inside.

Senators call for review of farm-land purchase in North Dakota

Senators call for review of farm-land purchase in North Dakota

Two weeks ago, we noted in our downloadable spreadsheet of CFIUS disclosures that the Committee was “apparently interested” in real-estate acquisitions by Fufeng Group in Grand Forks, North Dakota. Now, a group of U.S. Senators has crafted a letter making sure it’s a priority.

U.S. Senators send demand letter to Janet Yellen regarding TikTok

U.S. Senators send demand letter to Janet Yellen regarding TikTok

A group of Republican Senators has delivered a very demanding letter to Treasury Secretary Janet Yellen seeking answers regarding the Biden administration’s “delayed response” to the national security and privacy risks posed by TikTok. Details, the letter, context, and more are inside.

Have inquiries from Congressmen on CFIUS gotten more demanding?

Have inquiries from Congressmen on CFIUS gotten more demanding?

U.S. Treasury Secretary Janet Yellen has received another CFIUS-related inquiry from a U.S. Congressman. But the latest letter seems a little more demanding than usual, asking whether a declaration was filed regarding a specific transaction, and seeking related information. Details inside.

U.S. Senators send another CFIUS letter to Treasury Secretary Yellen

U.S. Senators send another CFIUS letter to Treasury Secretary Yellen

A group of U.S. Senators has sent a letter to U.S. Treasury Secretary Janet Yellen, urging her to have CFIUS conduct a review of a particular transaction. This isn’t the first time this has happened. Details, precedent, the letter, and insights on how it will be received by Sec. Yellen are inside.

Congressional leaders ask Pres. Biden to push UK on Chinese deal

Congressional leaders ask Pres. Biden to push UK on Chinese deal

Congressional leaders want the UK government to prevent the sale of a British semiconductor facility to a Chinese-controlled company. In a letter to Pres. Biden, the group urges action, threatening to revoke the UK’s “excepted foreign state” status with CFIUS. Details and letter inside.

Federal Maritime Commissioners want CFIUS to review port deal

Federal Maritime Commissioners want CFIUS to review port deal

In a recent letter to Treasury Secretary Janet Yellen, two Federal Maritime Commissioners have requested that CFIUS review the national security implications of a bid for Ports America by a Canadian pension fund. Details, the letter, contacts, and context are inside.

Did Congressman misconstrue the mandate of CFIUS in recent letter?

Did Congressman misconstrue the mandate of CFIUS in recent letter?

A Congressman from Texas is urging Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm (pictured) to have CFIUS review the sale of a U.S. refinery to a foreign company. But there are issues. Details, the letter, and some humorous expert insights are inside.

Federal Maritime Commissioners want CFIUS to review port deal

Treasury Sec. Yellen gets CFIUS mail from Congressional leaders

This week, Treasury Secretary Janet Yellen received two letters from Congressional leaders regarding CFIUS. One related to the Chinese “potentially taking action to evade CFIUS reviews”; the other requested the review of a deal approved by CFIUS in 2016. Details and letters inside.