Treasury Department Proposes Expansion of Outbound Investment Security Program

On October 26, 2026, the Department of the Treasury issued a Notice of Proposed Rulemaking (NPR) to expand the existing Outbound Investment Security Program (OISP) under the Comprehensive Outbound Investment National Security Act (COINS Act). The proposed changes aim to broaden the program's coverage, which currently prohibits or requires notification for investments in sensitive technology sectors (quantum computing, AI, semiconductors) in 'countries of concern.' Key proposals include new processes for confidential feedback, a knowledge standard for assessing violations, and the addition of new technology sectors and countries to the list of concern.