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House subcommittee questions Treasury's new CFIUS chief on process, confidentiality and outbound screening
Summary
Assistant Secretary Chris Pilkerton outlined priorities for the Committee on Foreign Investment in the United States (CFIUS)—including a known-investor pilot, process efficiencies, and implementing the COINS Act—while members pressed him on cases, confidentiality, and data/privacy risks.
Assistant Secretary Chris Pilkerton told a House Financial Services subcommittee that his immediate priorities as head of the Treasury’s Office of Investment Security are reducing procedural friction and improving stakeholder communications while retaining rigorous national security reviews.
Pilkington was sworn in on Jan. 5 and used his opening statement to list program goals for 2026: assess national security risks, streamline processes, enforce mandatory filing requirements, engage industry on supply-chain issues, and coordinate internationally. "I already have a big whiteboard in my office that says process, process, process," he said, underscoring the…
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