Once upon a time, mention of the federal agency CFIUS — pronounced siphius — conjured head-scratching, and possibly images of a certain Greek mythical figure eternally pushing a boulder up a hill.
In recent years, however, the Committee on Foreign Investment in the United States (CFIUS) has been catapulted into the spotlight. The 32-year-old committee and the president together are statutorily authorized to review and ultimately block mergers and acquisitions between foreign entities and U.S. firms if those transactions threaten U.S. national security. And in the wake of the Sept. 11 terrorist attacks, the once-sleepy committee has grown increasingly aggressive about scrutinizing deals with national security implications.
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