US Unveils Plans to Fast-Track Deals as Trump Eyes Mideast Funds

The US said it’s developing a fast-track process for screening foreign investments in the US, an effort Trump administration officials expect could smooth the way for billions from wealth funds in the United Arab Emirates, Saudi Arabia and Qatar.

The US Treasury Department said in a statement Thursday that the effort includes gathering information from investors based in partner nations before they file for deal approvals from US regulators, launching a Known Investor portal run by the Committee on Foreign Investment in the US.