Foreign Investment & National Security
12. US national-security deal review expands through CFIUS known-investor pilot, OISP and COINS Act
A 9 June national-security investment update highlights CFIUS's known-investor pilot for repeat allied-country filers, the Outbound Investment Security Program for China-connected semiconductors, quantum and AI investments, and the COINS Act codification that may broaden outbound controls to more countries and technologies.
BY GEOPOLITICS DESK · JUNE 11, 2026 · 1 MIN READ
A 9 June national-security investment update highlights CFIUS's known-investor pilot for repeat allied-country filers, the Outbound Investment Security Program for China-connected semiconductors, quantum and AI investments, and the COINS Act codification that may broaden outbound controls to more countries and technologies. The piece also notes enforcement examples including blocked China-linked acquisitions and DOJ litigation over divestiture compliance.
For deal counsel, inbound and outbound national-security review must now sit beside antitrust and sanctions in early-stage diligence, with counterparty ownership, technology exposure, mitigation history and timing strategy built into transaction documents from the start.