The Cleary Gottlieb CFIUS team submitted a comment on March 18, 2026 in response to the Request for Information (RFI) issued by the U.S. Department of the Treasury (Treasury), as chair of the Committee on Foreign Investment in the United States (CFIUS), regarding a new Known Investor Program and ways to make CFIUS’s foreign investment review process more efficient. The comment is available here. Drawing on our experience advising foreign investors and U.S. businesses across a wide range of investor profiles, transaction structures, and industry sectors, we offer practical, experience-based observations aimed at assisting CFIUS in developing the Known Investor Program into a workable, broadly available program that fosters foreign direct investment into the United States while protecting national security. Our comments are offered in the spirit of the RFI’s stated goals of increasing efficiencies in the CFIUS process to facilitate investment from allies and partners while preserving the rigor of the national security review.[1]

[1] We provided an overview of the RFI in a previous blog post, available here.