The Comprehensive Outbound Investment National Security Act of 2025 establishes a new federal screening mechanism to restrict U.S. investment in six countries of concern—China, Cuba, Iran, North Korea, Russia, and Venezuela—particularly in strategic technologies including advanced semiconductors, artificial intelligence, quantum computing, high-performance computing, and hypersonic systems. The Secretary of the Treasury and Secretary of Defense are granted authority to prohibit or require notification of "covered national security transactions" (including direct investments, joint ventures, and fund investments) involving covered foreign persons in these prohibited technology areas, with a 450-day timeline to issue implementing regulations and companies able to request confidential feedback or self-disclose violations. The bill establishes mandatory reporting requirements—companies must notify the government within 30 days of completing covered transactions, while the administration must submit annual reports to Congress on enforcement actions and prohibited technologies, and the State Department must develop a strategy to align restrictions with allied nations within 180 days. Violations carry civil penalties and potential forced divestment, with strict confidentiality protections for submitted information except when shared for legal proceedings, congressional oversight, national security purposes, or allied coordination. Additionally, the President must biannually review Chinese military and intelligence entities on U.S. sanctions lists for potential addition to restricted investment lists.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.