Tighter U.S. foreign investment rules aimed at China start in November

[To-Whose-Benefit?]

Reuters
October 10, 2018 / 8:10 AM / Updated an hour ago
Diane Bartz

[excerpt]

https://www.reuters.com/article/us-usa-trade-security/tighter-u-s-foreign-investment-rules-aimed-at-china-start-in-november-idUSKCN1MK1IC

WASHINGTON (Reuters) - The federal government will tighten rules on foreign investment in sensitive industries like technology and telecommunications next month, the Treasury Department said on Wednesday, as it starts to enforce a law aimed at curbing Chinese investment in 27 sensitive sectors.

The Committee on Foreign Investment in the United States (CFIUS) reviews mergers and stock purchases to ensure they do not harm national security. It was strengthened by legislation in the National Defense Authorization Act that was signed into law in August.

Much of the panel’s highest profile work focuses on Chinese companies, many with government links, which have tried to buy U.S. high-end semiconductor makers and other tech companies.