The U.S. Department of the Treasury has issued final regulations to implement Executive Order 14105, which targets technology investments in China. This move is part of a broader strategy by the Biden administration to enhance scrutiny of foreign investments, particularly those that could pose national security risks. The Committee on Foreign Investment in the United States (CFIUS) has been empowered to review foreign deals more rigorously. In the past two years, CFIUS has issued three times more penalties than in its previous 50 years, with penalties increasing from $250,000 to $5 million per violation. The administration is also expanding CFIUS's subpoena power to address national security concerns more effectively.