On May 8, 2025, the U.S. Department of the Treasury announced its intent to launch a Fast Track Pilot Program to encourage greater investment in U.S. businesses from allied and partner countries. This initiative will introduce a Known Investor portal, allowing the Committee on Foreign Investment in the United States (CFIUS) to collect information from foreign investors before a formal filing, streamlining the review process for trusted investors.
The pilot program is part of the President’s America First Investment Policy (see Thompson Hine update of February 24, 2025), which aims to increase efficiency in the CFIUS process for investors from countries with clear “independence from foreign adversaries or threat actors.” Treasury Secretary Scott Bessent emphasized that the United States values strong investments from allies and partners and is committed to maintaining an open investment environment while protecting national security.
The Department of the Treasury stated that it will begin with a pilot phase and plans to expand the program over time, ensuring that process improvements do not compromise the ability to address potential security risks.