US Treasury puts cost of outbound investment risk program at $10 million

A program to address the risks of outbound U.S. investment in areas with sensitive technology potentially harmful to national security would cost $10 million if set up this fiscal year, according to a U.S. Treasury Department report obtained by Reuters.
The report surfaced as President Joe Biden’s administration weighs restrictions on outbound investments, and the president prepares to release his proposed budget for the next fiscal year that starts in October.
U.S. lawmakers have been pushing the administration to boost oversight of investments by U.S. companies and individuals in other countries, particularly China, citing concerns over national security and supply chain issues, and have urged the president to issue an executive order.
Congress sought the analysis from the Treasury Department, which would lead any such program’s implementation, as well as a review by the U.S. Commerce Department, which would coordinate with Treasury.