Washington - Business Roundtable President & COO Kristen Silverberg today issued the following statement in response to President Biden’s executive order establishing an outbound investment notification and blocking mechanism:
“Business Roundtable welcomes the Biden Administration’s effort to develop a targeted mechanism to address clear national security risks associated with U.S. outbound investment in certain technologies with known military or surveillance applications. We thank the Administration for proactively engaging the business community before releasing its executive order and look forward to providing more detailed comments on the mechanism it has proposed during the comment period.
“Business Roundtable similarly appreciates continued collaboration with lawmakers as Congress develops its own proposals in this area.”