The United States and the European Union Begin Implementation of the European Union-U.S. Data Privacy Framework

“highlights CFIUS’s increasing attention to national security risks in several key areas and sharpens the Committee’s focus on protecting America’s national security, while maintaining the U.S. open investment policy.”48 Together with the new enforcement and penalty guidelines, the order, according to the White House, “send[s] a very clear message, a public message, to the private sector . . . about what are some factors that we as an administration are very focused on.”49 It also sends a message to “the public as a whole, as well as foreign governments, allies, and partners around the world.”50 Part of a broader set of actions, the order “explicitly ties CFIUS’s role, actions, and capabilities with the Administration’s overall national security priorities.”51 It is a part, as well, of a transnational proliferation of heightened investment screening.52