US Looks to Narrow Outbound Investment EO; Still 'Months' Away, Report Says
The Biden administration is leaning toward narrowing an expected future executive order on screening outbound investments (see 2212270030) to focus on quantum computing, artificial intelligence and semiconductors, Axios reported Jan. 12. Although the final language hasn’t been approved, officials are…
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considering omitting certain critical technology sectors in the order, including biotechnology and battery technology, the report said. The order may still be “several months away,” the report said, adding that the U.S. is unlikely to issue the order before Secretary of State Antony Blinken’s visit to China next month. The administration is currently soliciting feedback and input from lawmakers, subject matter experts, trading partners, think tanks, the financial services sector and others, the report said. The White House didn't comment.