The U.S. Department of the Treasury has issued a Request for Information (RFI) to gather public feedback on its Known Investor Program and ways to streamline the Committee on Foreign Investment in the United States (CFIUS) review process. The effort aims to maintain rigorous national security analysis while making it easier for investment from U.S. allies and partners, in line with President Trump’s America First Investment Policy.
Secretary of the Treasury Scott Bessent stated, “The United States has a dynamic economy that attracts strong and stable foreign investment from around the world. As Chair of CFIUS, Treasury is leading efforts to improve process efficiencies while ensuring that CFIUS continues to fulfill its core mission of identifying and addressing national security risks that can accompany foreign investment.”
Assistant Secretary for Investment Security Chris Pilkerton added, “Today’s RFI marks an important step towards advancing enhancements to the CFIUS process. It underscores the efforts being made to expand stakeholder engagement with CFIUS with the aim of enhancing and evolving the Committee’s processes while maintaining our longstanding commitment to open investment and protecting U.S. national security.”
CFIUS is an interagency committee responsible for reviewing certain transactions involving foreign investments in U.S. businesses or real estate, focusing on their impact on national security since its establishment in 1975.
The Known Investor Program, announced in May 2025 and currently under development, would allow foreign investors who choose to participate to provide information before submitting a formal filing. This is intended to increase efficiency during due diligence related to national security.
Through this RFI, stakeholders are invited to contribute ideas about developing the Known Investor Program as well as suggestions for improving case reviews, non-notified transactions, mitigation procedures, monitoring, and enforcement within CFIUS operations. The comment period remains open until March 18, 2026.
Further details are available at https://www.cfius.gov/.
