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Biden Team Beefs Up Security Reviews of Foreign Investments

  • New criteria include data risks, supply chain vulnerabilities
  • National security review of ByteDance’s TikTok still ongoing
US President Joe Biden

US President Joe Biden

Photographer: Chris Kleponis/Sipa/Getty Images

The Biden administration will intensify national security reviews of foreign investments in the US 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, or CFIUS, an interagency panel that reviews acquisitions of US businesses by foreign buyers.