President Joe Biden signed an executive order on Sept. 15 that bolsters a regulatory panel’s ability to scrutinize and act on foreign investments in areas that are deemed critical for the U.S. economy.
While the order doesn’t directly mention the Chinese regime, it comes amid growing concern among U.S. officials about China’s investments in the U.S. technology sector and other industries. It tells the federal Committee on Foreign Investment in the United States (CFIUS) to review cases involving “microelectronics, artificial intelligence, biotechnology and biomanufacturing, quantum computing, advanced clean energy, and climate adaptation technologies.”
