A U.S. government committee on foreign investments reviewed a record number of proposed transactions in 2022, the Treasury Department said Monday.
it had reviewed 286 "covered notices" for transaction approvals last year, up from a record 272 in 2021 and 187 in 2019, the report showed, with about 80% of the cases involving finance, information and services and manufacturing.
CFIUS said "transactions reviewed by CFIUS, including the technology being invested in, are increasingly complex and result in more national security agreements to resolve the risks identified." CFIUS opened 162 investigations in 2022, compared with 130 in 2021. The report said 88 transaction notices were withdrawn, with 68 refiled with changes aimed at mitigating concerns.
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