Section 721 authorizes CFIUS review of covered foreign investment and certain real-estate transactions.
In plain terms. Section 721 authorizes CFIUS review of covered foreign investment and certain real-estate transactions. It matters to contractors whose technology, data, facilities, or classified/CUI work may trigger national-security review.
Who it applies to. It applies to U.S. businesses, investors, and contractors involved in covered control, non-controlling, or real-estate transactions.
What it requires. In practice, contractors should assess whether a transaction is covered, file notices or declarations when required, protect sensitive data and technology during diligence, and plan for mitigation if CFIUS identifies national-security risk.
Why it matters. For GovConCyber, the key is to translate the law into contract-performance terms without overstating the source. The page should tell readers whether the requirement affects eligibility, representations, contract performance, flowdowns, data handling, incident response, or enforcement exposure.
Citation. 50 U.S.C. § 4565; 31 C.F.R. parts 800 and 802.