Originally published by Bloomberg Law
After years of speculation and thwarted efforts to regulate US foreign investments in critical technologies, the White House and Congress took unprecedented steps the last two weeks to safeguard national security by regulating outbound investments.
Organizations will soon face new transaction disclosure requirements and prohibitions on transactions in certain sectors implicating national security.
The Biden administration’s August 9 executive order brings clarity and uncertainty alongside efforts in Congress to include the Outbound Investment Transparency Act as an amendment to the must-pass National Defense Authorization Act.
Gibson Dunn’s lawyers analyze recent federal and congressional moves to ramp up scrutiny of outbound investments in technology and other sectors impacting national security.
Reproduced with permission. Published August 14, 2023. © 2023 Bloomberg Industry Group, Inc. (800-372-1033) http://www.bloombergindustry.com.
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