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WASHINGTON—The Biden administration is ordering a panel that screens foreign investment for national security risks to heighten scrutiny of deals that may give China and other adversaries access to critical technologies or may endanger supply chains and personal data.
An executive order signed by President Biden on Thursday doesn’t expand the purview of the Committee on Foreign Investment in the U.S. Rather, it is intended to sharpen the interagency panel’s focus on administration priorities and signal to businesses the types of transactions that might deserve added screening, administration officials said.
