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I am quite inexperienced in US law, but are you just told that acquisition of one foreign company by another foreign company should be reviewed by some random U

• mmmmmbop 6y ago
  Of course the U.S. has no authority over any two foreign companies that do no business within the country. However, if one of the two companies engages in interstate commerce in the U.S. -- which TikTok does -- it is considered to be a U.S. business [1] for the purposes of the CFIUS review. [1] https://casetext.com/regulation/code-of-federal-regulations/title-31-money-and-finance-treasury/subtitle-b-regulations-relating-to-money-and-finance-continued/chapter-viii-office-of-investment-security-department-of-the-treasury/part-800-regulations-pertaining-to-certain-investments-in-the-united-states-by-foreign-persons/subpart-b-definitions/800252-us-business https://casetext.com/regulation/code-of-federal-regulations/...