Biden Executive Order Provides Guidance to CFIUS, Likely Impact on Chinese Investments

Last week, the Biden administration issued an Executive Order that clarifies and refines the enforcement of investment screening by the Committee on Foreign Investment in the United States (CFIUS). While the Biden administration made efforts to insist that China was not the target, there was a widespread sense that China would feel the biggest effect, although the impact of these new measures is not clear at the moment.