Biden Administration Beefs Up Security Reviews of Foreign Investments

(Bloomberg) — The Biden administration will intensify national security reviews of foreign investments in the U.S. in response to concerns about China by adding criteria for regulators to scrutinize in deals, including potential risks to sensitive data, senior administration officials said.

An executive order that President Joe Biden plans to sign Thursday will add five new factors for reviews of transactions by the Committee on Foreign Investment in the United States (CFIUS), an interagency panel that reviews acquisitions of American businesses by foreign buyers.