DeLauro Statement on Final Outbound Investment Rule

Today, Congresswoman Rosa DeLauro (CT-03) released a statement in response to the U.S. Treasury Department finalizing its rule on U.S. outbound investments: 

“The final rule issued by the Treasury Department on U.S. outbound investment is a meaningful step in strengthening U.S. competitiveness and safeguarding our national security and supply chains.

“As I have said, we cannot allow U.S. capital and capabilities to fuel the Chinese Communist Party’s policies. We have already seen the impact of offshoring crucial manufacturing and innovation capacity on our economy, national security, and industrial base in the form of job losses and shortages of critical materials. I fought hard to take action to turn this around – from pushing for my legislation, the National Critical Capabilities Defense Act, in the House-passed America COMPETES Act to securing funding in the 2022 appropriations bill to protect our critical capabilities.

“I’m encouraged that the Biden Administration is taking decisive action to protect our key capabilities and sustain American competitiveness, and I will continue fighting to enact legislation that strengthens their efforts.”