President Joseph R. Biden signed an Executive Order providing guidance to the Committee on Foreign Investment in the United States on maintaining a robust foreign investment review process to identify and address potential national security risks.
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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.
President Trump's threatened Executive Order "banning" social media application TikTok prompted Microsoft to announce that it would "continue discussions to explore a purchase of TikTok in the United States."
In an Executive Order, President Trump blocked a Chinese technology company's acquisition of StayNTouch, Inc., a U.S. software company.
The Treasury Department finalized regulations implementing the Foreign Investment Risk Review Modernization Act of 2018.