WASHINGTON DC – NFTC Vice President for National Security Policy Jeannette Chu released the statement following the publication by President Biden of an Executive Order on outbound investment:
“This Executive Order on outbound investment restrictions comes after many months of anticipation, which reflects the complicated issues at play. Protecting our national security interests, including competitiveness, and preventing access to sensitive and militarily-relevant technologies and products requires thoughtful policy approaches across agencies.
“We look forward to an orderly and transparent rulemaking process that will build on existing regulations and include robust consultation across stakeholders. As an association representing American companies across all sectors of the U.S. economy, NFTC stands ready to help inform this process.”
Jeannette Chu is available for media inquiries on this issue. She can be reached by contacting Veronica Berkshire (vberkshire@nftc.org).
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.
