Cfius
ORG
Cfius
The administration has argued strenuously against major changes to the review process, which is undertaken largely in secret by an interagency organization known as the Committee on Foreign Investment in the United States, or Cfius, that is led by the Treasury secretary. Under the review process, the committee performs a 30-day review of any deal that could pose a threat to national security. The deals the committee is now reviewing include Toshiba's $5.4 billion purchase of Westinghouse Electric. The committee is also expected to study the proposed $13.4 billion merger of Lucent Technologies with Alcatel of France.