Global Business Briefing with The Honorable Paul Rosen, Assistant Secretary for Investment Security, U.S. Department of the Treasury
On January 25, 2024, the Meridian Corporate Council partnered with Investment Company Institute (ICI) to host a Global Business Briefing with The Honorable Paul Rosen, Assistant Secretary for Investment Security, U.S. Department of the Treasury. The discussion, moderated by Mr. David Barrosse, Member of the Meridian Board of Trustees and Founder and CEO, Capstone, covered some of the key priorities for the Committee on Foreign Investment in the United States (CFIUS) and its role in reviewing foreign investments into U.S. businesses.
About Assistant Secretary Paul Rosen
The Honorable Paul Rosen serves as the Assistant Secretary of the Treasury for Investment Security. Nominated by the President and confirmed with bipartisan support by the United States Senate on May 23, 2022, Mr. Rosen leads all operations and activities of the Committee authorized by Congress to review certain foreign investment into U.S business for national security risks. He oversees the review of hundreds of transaction filings each year often amounting to hundreds of billions of dollars in investment activity and is responsible for managing the Committee's recommendations to the President to suspend or prohibit transactions that threaten to impair the national security of the United States. He also guides the Committee's policy and international relations activities as well as the monitoring, compliance and enforcement of national security agreements executed to mitigate national security risk.
Here are some takeaways from the program:
The Committee on Foreign Investment in the United States (CFIUS) was founded as an inter-agency committee to review financial transactions and determine if they will result in a threat to national security. The authority and influence of CFIUS has notably increased over the past decade, due to the rise of emerging economies shifting the global economic order. Operating at the intersection of national security and major technological changes, CFIUS is particularly focused on the impact that China will have on critical technologies for the green energy transition such as EV batteries and solar panels. Additionally, CFIUS has become more involved with monitoring the potential threats of investments in AI to U.S. national security. A key area of concern involves AI systems that may have a dual use which can have a military application, such as decrypting classified communications. CIFIUS’ role in monitoring these technologies is becoming all the more important (and challenging) given how quickly advancements in AI are being made.
This program was made possible through the support of:
Project summary
| Global Business Briefing with The Honorable Paul Rosen, Assistant Secretary for Investment Security, U.S. Department of the Treasury | January 2024 | |
|---|---|
| Number of Visitors: | 23 |
| Number of Attendees: | 23 |
| Regions: | Africa, East Asia and Pacific, Europe and Eurasia, South and Central Asia, Near East and North Africa, Western Hemisphere |
| Impact Areas: | Business and Trade, Foreign Policy |
| Program Areas: | Corporate Diplomacy |
| Partners: | Private Sector, Public Sector |
