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Proposal to Enhance CFIUS Enforcement Powers Shows Government Takes Foreign Investment Seriously, John Carlin Tells The Wall Street Journal, AP

April 11, 2024

National Security, CFIUS & FARA Group Chair John Carlin spoke with The Wall Street Journal and the Associated Press about the U.S. Treasury Department’s proposal to enhance the enforcement capabilities of the Committee on Foreign Investment in the U.S. If the rulemaking is approved, CFIUS will be able to more easily obtain information from companies and levy higher fines.

In “U.S. Foreign Investment Watchdog to Gain New Powers Under Administration Proposal,” published in the WSJ on April 11, John notes that moves to further empower CFIUS are part of the current administration’s broader national security strategy, and that the government’s efforts are “in the context of ‘We’re in essentially existential strategic competition with a key adversary.’”

In “Treasury wants to boost foreign investment review powers, as Congress dissects Nippon, TikTok deals,” also published on April 11, John tells the AP that the proposed rule shows how “corporations are on the front lines of national security policy and how seriously the government is taking foreign investments.”

The proposed rule “is all about adding tools for [CFIUS] to investigate and more actively and aggressively enforce their authorities,” and if approved, the rule will make CFIUS “more of an enforcement agency,” he says.

» read the WSJ article

» read the AP article

© 2024 Paul, Weiss, Rifkind, Wharton & Garrison LLP

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