ChinaTalk "Emergency" Pod: Outbound Investment Screening!
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Aug 12, 2023 Emily Benson, an expert in technology policy at CSIS, and Martin Chorzempa, a fellow at PIIE specializing in economic policy, dive into the intricacies of new outbound investment screening rules. They discuss the Biden administration's cautious stance towards China amidst fears over tech dominance. The duo highlights bipartisan efforts on regulating investments in semiconductors and AI, while exploring the balance between national security and technological advancement. Their conversation also includes a light-hearted take on the bureaucratic challenges of these regulations.
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U.S. VC's Impact
- Chinese firms might not significantly benefit from U.S. venture capital compared to domestic alternatives.
- The know-how and network access gained from U.S. VC may be overstated.
Data Collection Focus
- The Treasury's ANPRM requests notification within 30 days of closed transactions, signaling a focus on data collection, not immediate action.
- This approach aims to assess risks and inform future policy, addressing potential gaps in authority.
CFIUS Concerns
- CFIUS can involve up to 300 people reviewing a single case, lacking a clear risk taxonomy.
- This can lead to overzealous scrutiny based on individual biases.