- Under President Joe Biden, CFIUS will examine Chinese investments in US startups, the Wall Street Journal reported.
- CFIUS is expected to order divestments of U.S. tech companies in 2021, officials told WSJ.
- Transactions are examined in which investors have bought through intermediaries in US companies.
- You can find more stories on the Business Insider homepage.
A government agency that scrutinizes foreign investment has teamed up with experts from investment banks, VC firms, and technology companies. Under President Joe Biden, she will be looking for Chinese investments in American startups, according to a report in the Wall Street Journal.
The U.S. Foreign Investment Committee (CFIUS) has built a new enforcement arm with about two dozen people under President Donald Trump, anonymous government officials and national security attorneys told the Journal.
This team focused on foreign investment that could threaten national security. Under Biden, there are VC investments that …