Treasury Department Proposes Major Expansion of Outbound Investment Restrictions Under COINS Act

The U.S. Department of the Treasury has proposed a significant expansion of the U.S. Outbound Investment Security Program, implementing the Comprehensive Outbound Investment National Security (COINS) Act. This move tightens restrictions on U.S. capital flowing to foreign adversaries like China and Russia, broadening the list of 'countries of concern' and imposing outright bans on transactions involving super intelligence systems, specified biotechnologies, and key semiconductor technologies.