Category: Committee on Foreign Investment in the United States (CFIUS)

Justice Dept. Investigating TikTok’s Owner Over Possible Spying on Journalists

The New York Times – Business:
The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.
Finding a Buyer for TikTok May Not Be So Easy

The New York Times – Business:
The Biden administration is pushing TikTok’s Chinese owners to sell the app or face a possible ban. But there are many complications to finding a suitor.
TikTok Pushed by U.S. to Resolve National Security Concerns

The New York Times – Business:
The demand hardens the White House’s stance toward the popular video app, which is owned by the Chinese internet company ByteDance.
White House Said to Consider Pushing Congress on Dealing With TikTok

The New York Times – Business:
In a strategy shift, the Biden administration is increasingly pointing to Congress to give it more legal power to deal with TikTok and other technology that could expose Americans’ sensitive data to China.
Air Force Says Proposed Chinese-Owned Mill in North Dakota Is ‘Significant Threat’

The New York Times – Business:
A proposal for a corn mill, which had been welcomed as an economic development success, reflects just how much things have changed with Chinese investment proposals in the U.S.
Bans on TikTok Gain Momentum in Washington and States

The New York Times – Business:
At least 14 states have passed bans on the service on government-issued devices in recent weeks. And Congress appears poised to pass a similar prohibition for federal workers.
Sam Bankman-Fried Interview: Read the Transcript

The New York Times – Business:
In a discussion with Andrew Ross Sorkin of The New York Times, Sam Bankman-Fried blamed “huge management failures” and sloppy accounting for the collapse of the FTX cryptocurrency exchange.
U.S. Details How It Plans to Police Foreign Firms

The New York Times – Business:
A government committee issued new guidelines for how it determines penalties for foreign companies that break agreements to protect U.S. national security.