Press Releases

Today, the House Financial Services Committee is holding a National Security Subcommittee hearing, led by Subcommittee Chair Warren Davidson (OH-08), to highlight how the Committee on Foreign Investment in the U.S. balances national security safeguards while maintaining an open investment environment.

Read Subcommittee Chair Davidson’s opening remarks as prepared for delivery:

“I welcome our distinguished witnesses to today’s hearing on 'U.S. Policy on Investment Security,' where we examine the Committee on Foreign Investment in the United States—CFIUS—and its critical role in safeguarding our national security. Today’s testimony will provide a comprehensive overview of CFIUS’s authorities and operations to protect American interests from foreign investment risks.

“Established in 1975 under the Department of the Treasury, CFIUS evaluates foreign investments posing national security threats. The 2018 Foreign Investment Risk Review Modernization Act (FIRRMA) expanded its jurisdiction to include non-controlling investments in critical technologies, infrastructure, and sensitive personal data.

“CFIUS must rigorously scrutinize foreign investments from any source that could undermine our technology, agriculture, or energy sectors, while enabling beneficial investment inflows to strengthen our economy. I commend President Trump’s February National Security Presidential Memorandum (NSPM), directing CFIUS to intensify oversight of adversarial investments while streamlining reviews for trusted allies.

“CFIUS must operate efficiently to neutralize threats without burdening American businesses. However, reviewing inbound investments alone cannot fully protect our national security.

“Congress must enact a robust outbound investment bill with explicit sanctions to prevent U.S. capital from supporting industries in adversarial nations that threaten our sovereignty.

“This legislation must provide a clear, streamlined framework, ensuring American companies comply without bureaucratic obstacles. Such a bill will safeguard our innovation, farmland, and infrastructure while fostering investment.

“This hearing will illuminate how CFIUS and an outbound investment regime can secure our nation’s interests. I urge my colleagues to support an outbound investment bill with stringent sanctions and a transparent framework to protect our economic and security interests from all foreign threats.”