Treasury Releases CFIUS Annual Report for 2025

WASHINGTON, D.C. - Today, the Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States (CFIUS), released its Annual Report to Congress for calendar year 2025.

The Annual Report highlights key indicators of CFIUS's activities and provides statistics on transactions that CFIUS evaluated in 2025.

"For the past 50 years, CFIUS has safeguarded U.S. national security by identifying and addressing risks associated with certain foreign investments, in turn allowing beneficial foreign investment to drive U.S. economic growth," said Chris Pilkerton, Assistant Secretary for Investment Security. "Looking ahead, we will continue to strengthen the efficiency and transparency of our processes, foster compliance with our authorities, and enhance the customer service experience for transaction parties while remaining steadfast in our commitment to protecting U.S. national security."

The report shows that the Committee effectively processed a high volume of cases and successfully executed its mission. Beyond the numbers, the Department of the Treasury continues to lead efforts to improve national security outcomes and enhance the CFIUS process consistent with President Trump's America First Investment Policy.

Key highlights from 2025 include the following:

• The CFIUS caseload remains significant, with a total of 347 notices and declarations of covered transactions or covered real estate transactions.
• Despite facing operational challenges due to lapses in appropriations, CFIUS cleared 67 percent of distinct transactions in either the 30-day assessment period for declarations or the initial 45-day review period for notices.
• CFIUS continues to enforce transaction parties' compliance across all of the Committee's authorities, especially as it pertains to compliance with the mandatory filing requirements for certain transactions involving critical technology, critical infrastructure, and sensitive personal data.
• Treasury launched the Known Investor Pilot Program, aimed at developing a process to facilitate greater investment from allies and partners by collecting detailed information from foreign investors in advance of filing potential transactions.

The Annual Report is submitted to Congress pursuant to Section 721 of the Defense Production Act of 1950, as amended (50 U.S.C. § 4565).

CY2025 CFIUS Annual Report