U.S.-China competition continues to re-shape the way the global economy is governed. After a significant overhaul of foreign investment screening regimes in the United States (e.g., FIRRMA) and globally, there is now legislation circulating the halls of Congress that would initiate additional screening for U.S. outbound investment to China and other countries of concern. Such legislation faces opposition from some industry groups, yet there appears to be support on the Hill and in the White House for tools that would increase control over U.S. critical supply chains and technology transfer.
On January 26, 2022, the National Committee hosted a virtual program with Rhodium partner and lead author of the latest U.S.-China Investment Project report Thilo Hanemann, along with Giovanna Cinelli, Nargiza Salidjanova, and Eric Zheng, each with deep experience in investment law, Congress, and U.S.-China business, respectively. The panelists contextualized the genesis of D.C.’s greater scrutiny on U.S. outbound investment and explored far-reaching implications of potential outbound investment restrictions.