US 'Close' to Releasing Outbound Investment Screening Rules, Report Says
The Biden administration is “close” to issuing new rules to restrict outbound investments in certain technologies that could help China advance its chip capabilities, The Associated Press reported March 4. The rules will limit American investment in certain “advanced technologies…
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that have national security applications,” the report said, including “next-generation military capabilities.” U.S. officials have confirmed they are working on an outbound investment review mechanism (see 2302140083 and 2301120035), and The Wall Street Journal reported March 3 that the White House is expected to seek additional funding for the new tool in its upcoming budget request, expected to be released this week.