In the current age we reside in, technology has turn into an necessary component. CFIUS was set up by Congress in 1975 amid growing issues about oil-wealthy nations in the Middle East shopping for up American companies, from power firms to armsmakers. Chaired by the Treasury Division, the committee introduced together representatives from all the most important Cabinet companies to assess the monetary, technological and nationwide security threats posed by such investments. For its first decade, however, CFIUS existed mostly as an obscure analysis body. From 1975 to 1980, the committee met only 10 occasions, based on congressional stories.
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