Biden Admin. Weighing Outbound Investment Restrictions, Report Says

The Biden administration is considering an executive order that would impose outbound investment restrictions on advanced technology-related transactions in China and other “hostile” countries, The Wall Street Journal reported Sept 8. The order, which could be issued in the next couple of months, would build on legislative proposals that sought to establish a screening mechanism for certain American investments that could cede U.S. technology leadership to third countries, the report said (see (2207140035 and 2209060036). The White House didn’t comment.