WASHINGTON – Today, 91pro视频 Executive Vice President of Policy Rob Strayer provided the global tech industry’s perspective on how U.S. policymakers should approach outbound private sector investment screening. In testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Strayer offered considerations for an outbound investment framework that maintain U.S. technological leadership and protect national security.
“U.S. national security depends on continued U.S. technological leadership,” Strayer said in his testimony. “This leadership drives innovation, job creation, and economic growth domestically and makes the U.S. more resilient and secure as we continue to set the pace for innovation. The U.S. government should take a comprehensive approach to understanding the complexity and challenges of outbound investment screening to ensure an effective regime to protect national security and American technological leadership.”
Strayer’s testimony highlights five considerations for U.S. policymakers that will help an outbound investment framework be successful, including:
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Examine existing authorities, identify gaps that implicate national security, and craft new authorities in a manner that is sufficiently narrow to avoid capturing transactions already subject to existing regimes;
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Identify specific and targeted national security risks of the technologies and investments covered;
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Consult with industry regularly;
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Provide companies with as much certainty as possible to plan and time to adjust their supply chains; and
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Build international coalitions with consistent investment review policies to avoid disadvantaging U.S.-based companies.
Read Strayer’s testimony here.
Watch the hearing: