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Smart Machines and Smarter Policy: Foreign Investment Regulation, National Security, and Technology Transfer in the Age of Artificial Intelligence

“…Despite this broad authority, CFIUS review has only very rarely prompted the President to block a transaction or order a forced divestiture. 99 One major forced divestiture occurred in 1990, when the U.S. directed China National Aero-Technology Import and Export Corporation (CATIC) to divest its acquisition of MAMCO Manufacturing, Inc., a Seattle-based aircraft manufacturing firm. 100 This divestiture was ordered because of concerns over CATIC's potential acquisition through MAMCO of restricted technology that would have otherwise required a dual-use export license.…”