Explanation of CFIUS and why and how Trump can use it: https://www.lawfareblog.com/tiktok-and-law-primer-case-you-n...
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Our 70s-era national security regime needs desperate Congressional overhaul. I take particular peeve with the prohibitions on judicial review of CFIUS actions.
Sounds like these 1970s laws were actually a Congressional overhaul of earlier legislation, see e.g. https://en.wikipedia.org/wiki/International_Emergency_Econom...