U.S. Department of the Treasury sets out priorities to streamline CFIUS reviews, enforce mandatory filings and evolve outbound investment screening under the COINS Act

In remarks to an ACI event, the U.S. Department of the Treasury’s Assistant Secretary for Investment Security outlined current and expected developments in the Committee on Foreign Investment in the United States (CFIUS) and the Outbound Investment Security Program, emphasizing continued national security focus alongside efforts to make the CFIUS process more efficient and predictable. The speech highlighted work to reduce administrative burdens and increase efficiencies in line with President Trump’s “America First Investment Policy,” including discussion of the Known Investor Program announced last year to create a “fast track” process for investment from allies and partners with verifiable distance and independence from foreign adversaries. It also signaled stronger attention to compliance with mandatory filing requirements, readiness to act where parties fail to file, and expanded efforts to identify and bring in “non-notified” transactions that may raise national security concerns. Additional priorities included deeper engagement with industry on supply chain and vendor needs, continued coordination with allies and partners on investment screening mechanisms as envisioned by the Foreign Investment Risk Review Modernization Act, and updating the Outbound Investment Security Program as directed by recently enacted bipartisan legislation, the COINS Act.