The White House said that certain foreign investments can present risks to national security. AP
The White House said that certain foreign investments can present risks to national security. AP
The White House said that certain foreign investments can present risks to national security. AP
The White House said that certain foreign investments can present risks to national security. AP

Biden issues executive order on foreign investment risks


Ellie Sennett
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President Joe Biden will sign an executive order on Thursday sharpening US guidance on national security risks from foreign investors.

“The United States has long recognised that certain investments … from foreign persons, particularly those from competitor or adversarial nations, can present risks to US national security,” the administration said in a statement.

The executive order elaborates and expands on the existing list of factors that the Committee on Foreign Investment in the US, or Cfius, considers when reviewing transactions for national security risks and describes potential national security implications in key areas.

These include a transaction’s effect on the resilience of US supply chains that may have national security implications, US technological leadership including artificial intelligence and climate tech, and risks to Americans' data.

A senior administration official spoke to reporters on background in a Wednesday phone call and said they were “not sure” if the refined measures would increase filings.

“Cfius is largely a voluntary process,” the official said.

“The messaging to the business community is going to be important about the kinds of things that Cfius is going to consider.”

The White House statement added: “As the national security environment, including the behaviour of countries and individuals that seek to impair US national security, evolves, the review process of [Cfius] also must evolve.”

When asked if the move was directed at China, a senior administration official told reporters that “there's nothing China-specific about this order”.

This is the first ever presidential directive defining additional national security factors for Cfius to consider in evaluating transactions, though it does not expand or restrict the body's authority, operations or process.

“Strengthening our supply chains and protecting against foreign threats enhances our national security, and this executive order highlights Cfius’s important role in that work,” Treasury Secretary Janet Yellen said in a statement.

“It also reaffirms Cfius’s mission to protect America’s technological leadership and the security of our citizens’ sensitive data from emerging threats.”

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While you're here
UAE currency: the story behind the money in your pockets
MEYDAN CARD

6.30pm Maiden Dh165,000 (Dirt) 1,600m

7.05pm Conditions Dh240,000 (D) 1,600m

7.40pm Handicap Dh190,000 (D) 2,000m

8.15pm Handicap Dh170,000 (D) 2,200m

8.50pm The Entisar Listed Dh265,000 (D) 2,000m

9.25pm The Garhoud Sprint Listed Dh265,000 (D) 1,200m

10pm Handicap Dh185,000 (D) 1,400m

 

The National selections

6.30pm Majestic Thunder

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7.40pm Mark Of Approval

8.15pm Mulfit

8.50pm Gronkowski

9.25pm Walking Thunder

10pm Midnight Sands

Grand Slam Los Angeles results

Men:
56kg – Jorge Nakamura
62kg – Joao Gabriel de Sousa
69kg – Gianni Grippo
77kg – Caio Soares
85kg – Manuel Ribamar
94kg – Gustavo Batista
110kg – Erberth Santos

Women:
49kg – Mayssa Bastos
55kg – Nathalie Ribeiro
62kg – Gabrielle McComb
70kg – Thamara Silva
90kg – Gabrieli Pessanha

THE SCORES

Ireland 125 all out

(20 overs; Stirling 72, Mustafa 4-18)

UAE 125 for 5

(17 overs, Mustafa 39, D’Silva 29, Usman 29)

UAE won by five wickets

Results

6.30pm Madjani Stakes Rated Conditions (PA) I Dh160,000 1,900m I Winner: Mawahib, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)

7.05pm Maiden Dh150,000 1,400m I Winner One Season, Antonio Fresu, Satish Seemar

7.40pm: Maiden Dh150,000 2,000m I Winner Street Of Dreams, Pat Dobbs, Doug Watson

8.15pm Dubai Creek Listed Dh250,000 1,600m I Winner Heavy Metal, Royston Ffrench, Salem bin Ghadayer

8.50pm The Entisar Listed Dh250,000 2,000m I Winner Etijaah, Dane O’Neill, Doug Watson

9.25pm The Garhoud Listed Dh250,000 1,200m Winner Muarrab, Dane O’Neill, Ali Rashid Al Raihe

10pm Handicap Dh160,000 1,600m Winner Sea Skimmer, Patrick Cosgrave, Helal Al Alawi

Updated: September 15, 2022, 1:01 PM`