United States Departments of Commerce and the Treasur Submit Report to Congress on Outbound Investments on Sensitive Technologies

Summary
The Departments of Commerce and the Treasury provided reports to Congress describing plans under consideration to regulate outbound investment on sensitive technologies, including AI, as required by the 2023 Consolidated Appropriations Act. Administration officials previously stated that a “handful” of “extremely sensitive” sectors should be covered by an outbound investment regime, including a subset of AI applications. The reports identify ongoing efforts and the necessary resources to ensure clear definitions and scoping of such a regime. The goal of any proposed outbound investment regime is to prevent exploitation of US capital in ways that threaten national security without unduly burdening US investors.