On February 21, 2025, President Donald Trump announced the America First Investment Policy, focusing on US investment security and proposing major changes to the Committee on Foreign Investment in the US (CFIUS) and Outbound Investment Regulations. The memo emphasizes the link between economic and national security, advocating for an open investment environment for emerging technologies while restricting investments from “foreign adversaries,” notably China and others. It proposes a “fast-track” CFIUS process for US allies, streamlined mitigation agreements, and broader jurisdiction over greenfield investments and farmland. Additionally, the memo seeks to expand restrictions on outbound investments in key sectors related to national security.