What is CFIUS?

CFIUS stands for the Committee on Foreign Investment in the United States. It is a US federal, interagency group with authority to review certain foreign investments in US businesses to determine whether such transactions threaten to impair US national security. If a transaction could pose a risk to US national security, the President of the United States may suspend or prohibit the transaction. Notably, the President can unwind transactions even after they close if they have not previously been submitted voluntarily to CFIUS by the parties and cleared through the CFIUS process.