About: http://data.cimple.eu/news-article/824634d8ac935e6ecd17eea047c4a9f9e0ce3a78b527ed76f77fa600

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About: http://data.cimple.eu/news-article/824634d8ac935e6ecd17eea047c4a9f9e0ce3a78b527ed76f77fa600 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Tighter new rules governing sensitive foreign investments will take effect in a month, US officials said Monday, broadening the president's ability to review and block transactions that could threaten national security. The new rules enforce reforms Congress enacted in 2018 amid heightened concern about Chinese economic espionage, although officials said the measures do not target any one country. The new rules broaden the authority of a federal interagency panel -- the Committee on Foreign Investment in the United States, or CFIUS -- which was created in the 1970s to prevent US adversaries from gaining access to sensitive technologies, critical infrastructure or military installations. In a statement, Treasury Secretary Steven Mnuchin said the new regulations modernized the process for reviewing such investments while still encouraging foreign investment in "American businesses and workers." Among the changes, CFIUS will now have the power to review investments -- even if they do not involve the sale of a controlling stake in a target company -- when they involve crucial technologies and infrastructure or sensitive personal data. According to media reports, CFIUS has recently reportedly opened a national security review of the Chinese-owned video app TikTok and required the Chinese gaming company Beijing Kunlun Tech to sell the gay dating app Grindr. After publishing draft regulations in September, US officials modified the final rules to clarify some definitions and rules, including the way rules apply to investment funds and the geographic areas near military installations covered by the rules. Three allied countries, Australia, Canada and Britain, enjoy a special status as "excepted foreign states," meaning the rules' application to them is limited. The list of such countries may be expanded in the future, according to the US Treasury. dg/to
schema:headline	US unveils tighter foreign investment rules for national security
schema:mentions	Steven Mnuchin Personal data Grindr United States Department of the Treasury Conscription in the United States TikTok Gay United States Congress Canada Australia United States China Kunlun Mountains Critical infrastructure Industrial espionage Government of China
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	92 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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