U.S. Department of the Treasury in Washington. Photo: Diego M. Radzinschi/ALM Treasury Department Will Take Lead on Biden's Order Limiting Outbound Investment
The order can be "viewed as a roadmap to Treasury's current thinking, none of which is unexpected, although the details will matter," said Morgan Lewis partner Giovanna Cinelli.
August 11, 2023 at 07:39 PM
4 minute read
News
President Joe Biden's executive order restricting U.S. investments in sensitive technology in "countries of concern" will involve a rules-based approach through the Treasury Department and differ from the existing committee that oversees foreign investment in the United States, international trade attorneys said.
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