US Drops Venezuela From Outbound Investment Rules
The US Treasury Department issued proposed rules for screening outbound investments in countries of concern, removing Venezuela from the restricted list. The new framework targets specific sectors like artificial intelligence and biotechnology.
Xurve View
Insights:
Xurve View
The United States Treasury Department proposed outbound investment screening rules targeting China and Russia while dropping Venezuela from the restricted list. The framework implements the COINS Act passed by Congress to prevent national security risks from domestic capital flowing into adversary technologies. Treasury Assistant Secretary Chris Pilkerton said the rules focus on critical networks and supply chains rather than simple capital flows.
