In an article for The Wire China, Bass, Berry & Sims attorney Thad McBride discussed the Committee on Foreign Investment in the United States (CFIUS) and the role CFIUS is playing in deterring Chinese companies from investing in the United States. CFIUS was established in 1975 to monitor and review the impact of foreign investment in the United States. Its influence has steadily grown in recent years and the committee has authority to block certain transactions involving foreign entities seeking to invest in the U.S. market if CFIUS is concerned about a threat to U.S. national security.

“In the Trump administration, CFIUS is being used as a weapon to combat what it considers to be Chinese efforts to gain access to or steal sensitive U.S. technology and threaten U.S. national security,” said Thad.

The full article, “U.S. Invokes National Security To Keep ‘Iron Man’ Outfit At Home,” was published by The Wire China on May 31 and is available online. Thad’s quote was also cited in the article, “How Trump Was Able to Leverage CFIUS to Block Chinese Deals,” published by CGTN – China Global Television Network on August 27 and is available online.