What is CFIUS?
CFIUS is the Committee on Foreign Investment in the United States. It has authority delegated from the President to conduct national security reviews of foreign acquisitions of U.S.-based firms under the Exon-Florio Amendment to the Defense Production Act. Under Exon-Florio, the President has the authority to suspend or block foreign mergers and acquisitions involving U.S.-based firms if they present credible threats to national security which cannot be prevented under other provisions of law. These national security threats include unauthorized disclosure of classified information, unauthorized transfer of export controlled technology, and the loss of reliable suppliers to defense-related Federal departments and agencies. CFIUS is chaired by the Department of the Treasury with the Departments of Defense, State, Commerce, Homeland Security, and Justice as members as well as several Executive Office agencies. Once CFIUS has been notified of a foreign acquisition, the Committee has 30 da
