US unveils tighter foreign investment rules for national security


US unveils tighter foreign investment rules for national security

Wednesday, January 15, 2020

Print this page Email A Friend!

WASHINGTON, United States (AFP) — Tighter new rules governing sensitive foreign investments will take effect in a month, US officials said yesterday, broadening the president's ability to review and block transactions that could threaten national security.

The new rules enforce reforms Congress enacted in 2018 amid heightened concern about Chinese economic espionage, although officials said the measures do not target any one country.

The new rules broaden the authority of a federal interagency panel — the Committee on Foreign Investment in the United States, (CFIUS) — which was created in the 1970s to prevent US adversaries from gaining access to sensitive technologies, critical infrastructure or military installations.

In a statement, Treasury Secretary Steven Mnuchin said the new regulations modernised the process for reviewing such investments while still encouraging foreign investment in “American businesses and workers”.

Among the changes, CFIUS will now have the power to review investments — even if they do not involve the sale of a controlling stake in a target company — when they involve crucial technologies and infrastructure or sensitive personal data.

According to media reports, CFIUS has recently reportedly opened a national security review of the Chinese-owned video app TikTok and required the Chinese gaming company Beijing Kunlun Tech to sell the gay dating app Grindr.

After publishing draft regulations in September, US officials modified the final rules to clarify some definitions and rules, including the way rules apply to investment funds and the geographic areas near military installations covered by the rules.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon