On August 9, 2023, President Biden signed the much-anticipated Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in.
Ready or Not: Momentum Continues to Build in Washington for Outbound Investment Screening Mechanism - On May 9, 2023, a bipartisan group of U.S. House members introduced.
The Departments of the Treasury and Commerce recently provided reports to Congress describing plans under consideration to regulate outbound investment, as required by the 2023.
Under the proposed Act, the Committee on National Critical Capabilities CNCC would require notification and review outbound investment transactions in countries of concern or entities that are headquartered in those countries or concerning national critical capabilities.
As we close out a wild year for international trade regulation, after hearing much talk about outbound investment review mechanisms, we may see a final dramatic change before the ball.