Treasury Unveils Plans for Fast-Track CFIUS Process
The Treasury Department will create a new fast-track process for certain deals filed with the Committee on Foreign Investment in the U.S., the agency announced May 8, saying the process will help encourage more investments in American businesses from close U.S. allies.
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Treasury said it plans to launch a new “Known Investor” portal where CFIUS can collect information from foreign investors before they officially file. The agency will carry out a pilot program for this new portal “and build from it over time,” it said.
The new process will help Treasury implement President Donald Trump’s America First Investment Policy memo from February, the agency said, which previewed plans to fast-track certain investment deals while also expanding both inbound and outbound foreign investment restrictions and tamping down on the use of mitigation agreements (see 2502240051). That memo said the fast-track process would be for firms from allied countries investing in “advanced technology and other important areas” in America, and they would have to agree to “avoid partnering with United States foreign adversaries.”
Treasury said it’s “focused on increasing efficiencies in the CFIUS process to facilitate greater investment from allies and partners where there is verifiable distance and independence from foreign adversaries or threat actors.”
Treasury Secretary Scott Bessent said the U.S. benefits when allied countries’ companies invest in America. “Treasury is committed to maintaining and enhancing the open investment environment that benefits our economy,” he said, “while making sure that process efficiencies do not diminish our ability to identify and address national security risks that can accompany foreign investment.”