The Courts of Appeal for the Ninth Circuit and the D.C. Circuit separately granted the Biden administration's motions to hold in abeyance the government's appeals of lower court injunctions of President Donald Trump's Executive Orders on WeChat and TikTok.
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President Trump issued an Executive Order directing ByteDance Ltd., the Chinese-owned parent company of social networking application TikTok, to divest its U.S. assets within 90 days.
In an Executive Order, President Trump blocked a Chinese technology company's acquisition of StayNTouch, Inc., a U.S. software company.
The Congressional Research Service provided an overview of the current authority of the Committee on Foreign Investment in the United States following the recent implementation of the Foreign Investment Risk Review Modernization Act.
The Treasury Department finalized regulations implementing the Foreign Investment Risk Review Modernization Act of 2018.