US comes up with stringent foreign investment rules for national security

Tighter new rules governing sensitive foreign investments will take effect in a month, US officials said Monday, broadening the president's ability to review and block transactions that could threaten national security.

The new rules enforce reforms Congress enacted in 2018 amid heightened concern about Chinese economic espionage, although officials said the measures do not target any one country.

The new rules broaden the authority of a federal interagency panel -- the Committee on Foreign Investment in the United States, or CFIUS -- which was created in the 1970s to prevent US adversaries from gaining access to sensitive technologies, critical infrastructure or military