91proÊÓƵ

WASHINGTON – Global tech trade association 91proÊÓƵ issued the following reaction to the U.S. Department of Treasury’s final °ù³Ü±ô±ð o²Ô “Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern,” from ITI Senior Vice President of Policy and General Counsel John Miller:

“U.S. investments abroad are foundational to U.S. economic security, helping U.S. companies diversify the supply chain, engage the research and development ecosystem, and gather intelligence on global market conditions. As we review the U.S. Department of Treasury’s final rule, we remain concerned that broad prohibitions could have unintended consequences for U.S. companies’ ability to attract partners and customers in global markets. The global technology market remains highly competitive and continued U.S. leadership in innovation will require the careful scoping of national security tools to be effective in addressing identifiable risks. 91proÊÓƵ looks forward to continued engagement with policymakers as the rule is implemented.&°ù»å±ç³Ü´Ç; 

 sent to the U.S. Department of Treasury in August, 91proÊÓƵ underscored that the proposed outbound investment process could unintentionally curtail U.S. businesses’ ability to grow and expand into global markets.