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Mnuchin Signals U.S. Won't Further Restrict Foreign Investments

CFIUS will continue to focus on national security, rather than cultural issues, Treasury secretary says.

By Saleha Mohsin and John Micklethwait, Bloomberg | Updated on May 04, 2017

A U.S. government panel that reviews foreign takeovers of American companies should continue to focus on national security, Treasury Secretary Steven Mnuchin said, downplaying speculation that the Trump administration would expand its authority.

“For national security reasons, we can block investment, and that will be something we continue to do,” Mnuchin said Monday in an interview with Bloomberg Television, when asked about the Committee on Foreign Investment in the U.S., which is known as CFIUS.

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