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Treasury Seeks Public Input on CFIUS Known Investor Program and Streamlining of Foreign Investment Reviews

By Caroline Brown, Addie Cliffe, Chandler Leonard, Nimrah Najeeb, Allison Skager & Nate Young on February 12, 2026
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On February 9, 2026, the U.S. Department of the Treasury’s (Treasury) Office of Investment Security (OIS) published a request for information (RFI) seeking public comments on how the Committee on Foreign Investment in the United States (CFIUS) might streamline its foreign investment review process, including through the Known Investor Program (KIP). The RFI requests feedback on (1) proposed eligibility criteria and a draft questionnaire for the KIP, including certain defined terms, and (2) other ways that CFIUS and transaction parties can streamline aspects of the foreign investment review process. Written comments are due March 18, 2026.

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Photo of Caroline Brown Caroline Brown

Caroline E. Brown is a partner in Crowell & Moring’s Washington, D.C. office and a member of the firm’s White Collar & Regulatory Enforcement and International Trade groups and the steering committee of the firm’s National Security Practice. She provides strategic advice to…

Caroline E. Brown is a partner in Crowell & Moring’s Washington, D.C. office and a member of the firm’s White Collar & Regulatory Enforcement and International Trade groups and the steering committee of the firm’s National Security Practice. She provides strategic advice to clients on national security matters, including anti-money laundering (AML) and economic sanctions compliance and enforcement challenges, investigations, and cross border transactions, including review by the Committee on Foreign Investment in the United States (CFIUS) and the Committee on Foreign Investment in the U.S. Telecommunications Services Sector (Team Telecom).

Caroline brings over a decade of experience as a national security attorney at the U.S. Departments of Justice and the Treasury. At the U.S. Department of Justice’s National Security Division, she worked on counterespionage, cybersecurity, and counterterrorism matters and investigations, and gained unique insight into issues surrounding data privacy and cybersecurity. In that role, she also sat on both CFIUS and Team Telecom and made recommendations to DOJ senior leadership regarding whether to mitigate, block, or allow transactions under review by those interagency committees. She also negotiated, drafted, and reviewed mitigation agreements, monitored companies’ compliance with those agreements, and coordinated and supervised investigations of breaches of those agreements.

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Photo of Addie Cliffe Addie Cliffe
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Photo of Chandler Leonard Chandler Leonard

Chandler S. Leonard is an associate in Crowell & Moring’s Washington, D.C. office and a member of the firm’s International Trade Group. Chandler’s practice focuses on export controls and economic sanctions issues, including voluntary disclosures and enforcement matters before the Departments of Commerce…

Chandler S. Leonard is an associate in Crowell & Moring’s Washington, D.C. office and a member of the firm’s International Trade Group. Chandler’s practice focuses on export controls and economic sanctions issues, including voluntary disclosures and enforcement matters before the Departments of Commerce, State, and Treasury. Chandler has experience analyzing and advising U.S. and non-U.S. companies with respect to proposed transfers of U.S. origin technology, software, hardware, and services. She has performed jurisdictional and classification analyses under the ITAR and EAR, including drafting Commodity Jurisdiction requests and CJ Reconsideration requests. She assists in developing and/or reviewing U.S. export and sanctions compliance programs, including risk assessments. Chandler also has experience training a wide variety of audiences, both U.S. and foreign, on compliance with U.S. export control and sanctions requirements.

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Photo of Nimrah Najeeb Nimrah Najeeb

Nimrah Najeeb is a counsel in Crowell & Moring’s Washington, D.C. office and a member of the firm’s International Trade Group. Nimrah focuses her practice on transactions, investigations and compliance, and advisory matters involving economic sanctions, export controls, anti-money laundering, and other cross-border…

Nimrah Najeeb is a counsel in Crowell & Moring’s Washington, D.C. office and a member of the firm’s International Trade Group. Nimrah focuses her practice on transactions, investigations and compliance, and advisory matters involving economic sanctions, export controls, anti-money laundering, and other cross-border international regulatory regimes. She has also advised U.S. and foreign-based multinationals regarding public international law issues, mergers and acquisitions, government and internal investigations, and third-party diligence.

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Photo of Allison Skager Allison Skager

Allison Skager is an associate in Crowell & Moring’s Los Angeles office, where she is a member of the firm’s Government Contracts Group.

Allison’s practice covers a range of transactional and regulatory matters for both startups and mature companies, including government contractors, large…

Allison Skager is an associate in Crowell & Moring’s Los Angeles office, where she is a member of the firm’s Government Contracts Group.

Allison’s practice covers a range of transactional and regulatory matters for both startups and mature companies, including government contractors, large retailers, and developers of emerging technology. She performs due diligence for complex transactions involving government contractors, advises on regulatory compliance issues, and adds critical support on matters related to mergers and acquisitions, joint ventures, and private investments.

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Photo of Nate Young Nate Young

Nate Young is a Senior International Trade Specialist in Crowell & Moring’s Washington, D.C. office. With nearly 20 years of expertise in national security and foreign policy, Nate provides clients compliance advice on the U.S. Export Administration Regulations and International Traffic in Arms…

Nate Young is a Senior International Trade Specialist in Crowell & Moring’s Washington, D.C. office. With nearly 20 years of expertise in national security and foreign policy, Nate provides clients compliance advice on the U.S. Export Administration Regulations and International Traffic in Arms Regulations (ITAR).

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  • Posted in:
    Business and Commercial
  • Blog:
    International Trade Law
  • Organization:
    Crowell & Moring LLP
  • Article: View Original Source

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