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ARTICLE · 26 JUNE 2024

Treasury Department Issues Proposed Rules For Outbound Investment

Buchanan Ingersoll & Rooney
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For companies, organizations, and individuals with overseas investments or who conduct business that may touch nations of concern, the United States is moving forward...

GlobalInternational Law
Natan P.L. Tubman
Natan P.L. Tubman
Keil J. Ritterpusch
Keil J. Ritterpusch
Daniel B. Pickard
Daniel B. Pickard
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For companies, organizations, and individuals with overseas investments or who conduct business that may touch nations of concern, the United States is moving forward with promulgating regulations on outbound investment notification and screening. On June 21, 2024, the U.S. Department of the Treasury (Treasury) issued a Notice of Proposed Rulemaking (Notice) to implement President Biden's Executive Order 14105, Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern (Outbound Order). The draft regulations would (1) require U.S. persons to notify Treasury regarding certain transactions, and (2) prohibit U.S. persons from engaging in certain transactions involving persons of a country of concern who are engaged in activities involving particular national security technologies and products.

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