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CFIUS review process
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CFIUS is a key U.S. policy mechanism for restricting foreign—especially adversarial nation—control over AI and critical technology assets; relevant to discussions of AI governance, compute security, and technology diffusion risks.
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Summary
CFIUS is a U.S. interagency committee that reviews foreign investment transactions and real estate purchases for national security implications under the Defense Production Act of 1950. The Treasury Department is developing a Known Investor Program to streamline review for vetted investors from allied nations. A public Request for Information is open through March 2026 to gather feedback on process improvements.
Key Points
- •CFIUS reviews foreign investment transactions and real estate purchases by foreign persons for national security risks under the Defense Production Act of 1950.
- •The Known Investor Program (KIP) aims to streamline CFIUS review for eligible investors from allied nations without compromising security analysis.
- •A pilot program for KIP is currently underway, with Treasury seeking public input via a Request for Information closing March 18, 2026.
- •CFIUS oversight is relevant to AI safety as it can block or condition foreign acquisitions of AI companies, compute infrastructure, and sensitive technology firms.
- •The committee represents a key U.S. government mechanism for preventing adversarial nations from acquiring strategic AI and dual-use technology assets.
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| Page | Type | Quality |
|---|---|---|
| AI Proliferation Risk Model | Analysis | 65.0 |
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## The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States.
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended (section 721), and as implemented by Executive Order 11858, as amended, and the regulations at chapter VIII of title 31 of the Code of Federal Regulations.
### Request for INFORMATION ON CFIUS KNOWN INVESTOR PROGRAM and Streamlining the Foreign Investment Review Process
On February 6, 2026, the Department of the Treasury issued a Request for Information (RFI) seeking public input on the Known Investor Program and how CFIUS may streamline aspects of its foreign investment review process, while maintaining its rigorous analysis that identifies and addresses national security risk that can accompany foreign investment. The RFI provides stakeholders with the opportunity to share feedback and inform the development of the Known Investor Program as well as with respect to additional areas where CFIUS may increase efficiencies and enhance its processes.
**The public comment period will close on March 18, 2026.**
- [Request for Information](https://www.federalregister.gov/public-inspection/2026-02481/request-for-information-committee-on-foreign-investment-in-the-united-states-known-investor-program)
- [Treasury Press Release - RFI on CFIUS Known Investor Program and Streamlining Foreign Investment Reviews](https://home.treasury.gov/news/press-releases/sb0389)
### INFORMATION ON CFIUS KNOWN INVESTOR PILOT PROGRAM
Pursuant to the President’s directive in the [America First Investment Policy (February 21, 2025)](https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy/), CFIUS is developing a program that aims to facilitate greater investment in the United States from allies and partners. Referred to as the Known Investor Program (KIP), this effort seeks to increase CFIUS process efficiencies through collecting inf
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