Washington: The U.S. Treasury Department announced the establishment of a “fast-track” process to boost investment in U.S. businesses from allied nations and partners. This initiative follows President Donald Trump’s signing of the “America First Investment Policy” memorandum in February, which aims to restrict investments from China-affiliated individuals in strategic sectors such as critical infrastructure.
According to Yonhap News Agency, Treasury Secretary Scott Bessent emphasized the commitment to maintaining an open investment environment that benefits the U.S. economy. He assured that process efficiencies would not compromise the ability to identify and address national security risks related to foreign investments.
The fast-track process will feature a “Known Investor” portal. This will allow the Committee on Foreign Investment in the U.S. (CFIUS) to gather information from foreign investors before any official filing. CFIUS is responsible for reviewing certain transactions involving foreign investments and real estate transactions by foreigners to assess their impact on national security.
The Treasury Department aims to enhance efficiencies within the CFIUS process, promoting greater investment from U.S. allies and partners. This initiative focuses on ensuring a verifiable distance and independence from foreign adversaries or threat actors. Initially, a pilot of the fast track process will be conducted.