Driven by concerns of China’s acquisition of advanced U.S. technologies, the U.S. Congress is set to enact the most significant reform to the Committee on Foreign Investment in the United States (CFIUS) in over a decade. CFIUS is the U.S. interagency committee that conducts national security reviews of foreign investments. Once implemented through regulations, the changes would expand the kinds of transactions subject to CFIUS review, place greater scrutiny on inbound investments in and outbound transfers of critical and emerging technologies, and make CFIUS filings mandatory for certain transactions.