U.S. Treasury Proposes Broader Restrictions on Outbound Investments

The U.S. Treasury Department plans to expand its Outbound Investment Security Program, broadening restrictions on U.S. investments in sensitive technologies and countries. This follows the COINS Act of December 2025, which codified and strengthened the regime. The proposed changes, outlined in an October 22, 2026, Notice of Proposed Rulemaking, would expand the program's technological and geographic scope, covering sectors like semiconductors, AI, and biotechnology. This creates new regulatory risks for U.S. investors, companies, and financial institutions, impacting global investment flows and national security objectives.