Biden tells foreign investment panel to screen deals for data, cyber risks

Published by
Reuters

By Alexandra Alper and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday directed the committee that reviews foreign investment for national security risks to sharpen its focus on threats to sensitive data, cyber security and areas such as microelectronics and artificial intelligence. In an executive order, Biden also instructed the U.S. Treasury’s powerful Committee on Foreign Investment in the United States (CFIUS) to more closely vet transactions that could impact U.S. leadership in biotechnology and quantum computing, according to senior administration officials bri…

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