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September 14, 2022
U.S. Investments in Foreign Chip Firms a Potential Concern, White House Says
Journalist Alexandra Alper
Harrell, who plans to step down from his role as soon as next month, stressed that any measure targeting U.S. investments abroad should be narrowly tailored to address gaps in existing U.S. authorities and specific national security risks. His remarks echoed recommendations made in the new report released Wednesday and co-authored by Sarah Bauerle Danzman, a senior fellow at the Atlantic Council and the Center for a New American Security's Emily Kilcrease.
"To ensure that new authorities are consistent with the United States' commitment to open markets, support the global competitiveness of US business, and can be implemented effectively, an outbound investment mechanism must be narrowly targeted, clearly defined, non-duplicative of existing tools, scoped proportionately to administrative capacity, and paired with meaningful multilateral engagement with allies and partners," Bauerle Danzman and Kilcrease wrote in the report.
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