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ChinaTalk
"Emergency" Pod: Outbound Investment Screening!
Aug 12, 2023
Emily Benson, an expert in technology policy at CSIS, and Martin Chorzempa, a fellow at PIIE specializing in economic policy, dive into the intricacies of new outbound investment screening rules. They discuss the Biden administration's cautious stance towards China amidst fears over tech dominance. The duo highlights bipartisan efforts on regulating investments in semiconductors and AI, while exploring the balance between national security and technological advancement. Their conversation also includes a light-hearted take on the bureaucratic challenges of these regulations.
53:31
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Quick takeaways
- The Biden administration aims to screen outbound investments in semiconductors, microelectronics, AI, and quantum technology to protect US national security.
- The new program for investment screening outlined in the executive order focuses on a narrow scope of investments in semiconductors, quantum technology, and specific AI applications, with provisions to address concerns about parent companies with subsidiaries in China.
Deep dives
The Administration's Executive Order on Outbound Investment Controls
The Biden administration has released an executive order asking the Treasury to address the perceived gap in trade and investment authority related to outbound investment controls. The order aims to screen outbound investments and capital in the fields of semiconductors, microelectronics, artificial intelligence, and quantum technology. This issue has been an ongoing discussion since 2017 and gained momentum after the Bureau of Industry and Security imposed export controls on advanced AI chips to China in October 2023. The executive order provides an opportunity for public comment and emphasizes the need to protect U.S. national security while avoiding extensive restrictions on allies.
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Discover
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