Biden Administration’s Outbound Investment Security Program Takes Shape

Key Takeaways

• The Department of the Treasury issued a highly anticipated draft rule aimed at preventing the flow of US capital into sensitive, dual-use technologies in China.
• The draft rule is largely in line with expectations but further defines and broadens the scope of compliance obligations for US entities with investments in covered technologies.
• USCBC plans to solicit input from its membership to help inform the Treasury Department’s final rule, which could be released before the end of the year.