Richard Sofield Comments on CFIUS’ Expanded Role in Safeguarding U.S. Citizens’ Data
Richard C. Sofield, partner in Wiley’s International Trade and National Security practices, was quoted yesterday by The Wall Street Journal in coverage of new rules expanding the Committee on Foreign Investment in the United States’ (CFIUS) authority to review foreign investors’ U.S. deals or acquisitions.
The rules – which took effect yesterday under a 2018 law – require the disclosure of certain foreign deals with U.S. businesses that have access to sensitive personal data of U.S. citizens that could be exploited in a manner that threatens national security.
Mr. Sofield, who previously served as Director of the Foreign Investment Review Staff at the U.S. Department of Justice (DOJ) National Security Division, recalled attempts by foreign intelligence services to collect such information.
“DOJ, including the FBI, was the agency that was singularly positioned to identify these types of concerns and present them to the rest of the committee,” said Mr. Sofield, who oversaw the DOJ’s participation in CFIUS prior to joining Wiley in 2018.
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