Stakeholders warn Treasury against unilateral outbound regime

The U.S. should not unilaterally impose a regime to limit U.S. outbound investment to certain countries because it would put American businesses at a significant disadvantage against foreign competitors and set a bad precedent for other economies that are formulating their own outbound screening mechanisms, U.S. and foreign stakeholders warned the Treasury Department. Treasury published a draft rule in June that is intended to prevent U.S. investment from funding technological innovation that could be used for military purposes in countries...