Deputy Secretary Michael Faulkender’s Remarks at ACI CFIUS Conference

As prepared for delivery.Thank you for the introduction, Andrew, and good afternoon to everyone. It is a pleasure to be with you today to discuss the work we are doing at Treasury and across the U.S. Government on the topic of investment security.My experience with CFIUS dates back to 2019, when I was at Treasury as the Assistant Secretary for Economic Policy. I advised Secretary Mnuchin on a wide range of domestic and international matters that impacted the economy. I saw the extensive work undertaken to strengthen and modernize the CFIUS process following the enactment of FIRRMA, and I was struck then, as I am today, by the critical role that CFIUS plays at the intersection of foreign investment and national security. In talking with my two immediate predecessors, they both remarked on the fascinating work done by the CFIUS team.This year marks the 50th anniversary since CFIUS was established.