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The Latest Breaking News from CFIUS

US, Mexico To Boost Cooperation In Foreign Investment Screening

The United States and Mexico plan to form a working group on foreign investment screening, aimed at guarding against national security threats, US Treasury Secretary Janet Yellen said Thursday.

International Business Times

Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US

The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States

The Independent UK

U.S. Emulates Communist China in New TikTok Draft Agreement

Plus: Americans vote too much, Indiana abortion ban to take effect, and more...

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

When Trade War Threatens Real War

Biden is blurring the lines between economic policy and military action.

Reason

FCC Enforcement Bureau Adds Senior Staff

The Enforcement Bureau had announced a number of senior staff appointments

TV Tech

Feds decline review of Chinese battery plant plans in Michigan, company says

Federal regulators have concluded they don't have the proper jurisdiction to conduct a review of a planned $2.4 billion Chinese battery part manufacturing plant in Big Rapids, Michigan, the company said in a Tuesday statement in which they committed to moving forward with the project.

Tribune News Service

Opinion: Political Economy — Reverse CFIUS and Investments in China

Under a new paradigm, investors have no choice but to navigate between global investment fundamentals and national policy ambiguities

Caixin Global

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US to control land sales to foreigners near 8 military bases

Under a proposed rule change, foreign citizens and companies would need U.S. government approval to buy property within 100 miles of eight military bases

The Independent UK

TikTok ban: "Patriot Act on steroids"

Gen Z, progressives and libertarians can all agree on one thing: Bipartisan effort to ban TikTok is "garbage"

Salon

How a little-known agency holds power over TikTok's future

Under pressure from the U.S. government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company — unless the popular social media app can convince a high-powered panel that its data security restructuring plan sufficiently…

The Independent UK

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Financial Times

TikTok CEO to face skeptical lawmakers in testimony Thursday - Roll Call

TikTok CEO Shou Zi Chew will have a tough task persuading lawmakers to soften their stance to the app at a Thursday hearing.

Roll Call

Why TikTok's security risks keep raising fears

The battle between the U.S. and China over TikTok will come into full view when the social media platform’s CEO testifies before Congressional lawmakers

The Independent UK

TikTok ban explained — everything you need to know

The U.S. House of Representatives has passed a bill making it illegal for TikTok to operate unless Chinese owner ByteDance sells its interest. While President Biden has indicated he'd sign the bill, it still needs to pass through Congress. Here's everything you need to know.

Tom’s Guide

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Reason

China's Purchases of U.S. Land Stoke Bipartisan Panic, Just Like Japan's Did In the 1980s

People panicked in the 1980s that Japan's economic largesse posed a grave threat to American interests. Then the market reined it in.

Fortune

The U.S. is putting TikTok in an impossible position

Without details of outstanding U.S. concerns, its sale-or-ban demand smells like protectionism.

Tribune News Service

Gap in data complicates legislation to keep China off US farms

WASHINGTON — Lawmakers in Congress and across the country are sounding national security alarms about foreign buyers, particularly those with links to the Chinese government, acquiring control of U.S. farm and forest land.

The Independent UK

TikTok facing total ban in the US if it is not sold

TikTok says divestment will not help national security concerns

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Axios

U.S. tells TikTok owners to sell app or face a ban

The video app needs to be sold to protect U.S. user data, the Biden administration told the company.

Tribune News Service

US demands TikTok’s Chinese owners sell stakes or face ban

WASHINGTON — The United States has told the Chinese owners of the video-sharing app TikTok that they must sell their shares or risk the app being banned in the U.S., people familiar with the matter said.

The Guardian - US

US threatens to ban TikTok unless Chinese owners divest

Move is latest escalation by lawmakers over fears user data could be passed on to China’s government

WEKU

The Biden administration demands that TikTok be sold, or risk a nationwide ban

TikTok officials say they are "disappointed in the outcome," but will remain focused on implementing a plan to keep the data of Americans safe.

Roll Call

Gap in data complicates legislation to keep China off US farms - Roll Call

Lawmakers are sounding national security alarms about foreign buyers acquiring control of U.S. farm and forest land.

Axios

Senator's TikTok whistleblower alleges data abuses

Sen. Josh Hawley has spoken to a TikTok whistleblower, who charges the firm's data protections are weaker than claimed.

Tribune News Service

Biden administration endorses new TikTok bill, calls for swift passage

WASHINGTON — The White House endorsed a bipartisan bill that could give the president authority to ban or force a sale of TikTok, support that could hasten passage and break a deadlock over how to address privacy concerns around the popular Chinese-owned app.

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