U.S. Outbound Investment Program
Overview
On October 28, 2024, the U.S. Department of Treasury finalized a rule restricting U.S. investments into certain national security technologies in regions identified by the government as “countries of concern.”
Throughout the rulemaking process, ILPA engaged with Treasury to ensure the final rule could achieve the government’s policy objectives without creating unintended consequences for LPs and the industry more broadly, including submitting comment letters on the proposed rulemakings.
Follow ILPA’s engagement below and get our analysis of the final rule and key takeaways for LPs.
Key Resources and Initiative Updates
Below, find ILPA's analyses, comment letters, and other resources for following this rulemaking.
- Go to ILPA Analysis of the Final RulemakingILPA Analysis of the Final RulemakingILPA's summary of the final rule and key takeaways for LPs (October 2024)
- Go to Outbound Investment Security ProgramOutbound Investment Security ProgramLanding page providing an overview of the program to implement and administer the Executive Order
- Go to U.S. Treasury Department StatementU.S. Treasury Department StatementStatement on the Final Rulemaking (October 2024)
- Go to White House Fact SheetWhite House Fact SheetFact sheet addressing the final rule (October 2024)
- Go to U.S. Treasury Department Final RuleU.S. Treasury Department Final RuleFull rule language (October 2024)
- Go to ILPA Comment Letter to the U.S. Department of TreasuryILPA Comment Letter to the U.S. Department of TreasuryILPA's comment letter submitted to the U.S. Department of the reasury onits Notice of Proposed Rule Making (NPRM) (August 2024)
- Go to U.S. Treasury Department StatementU.S. Treasury Department StatementStatement on the Notice or Proposed Rulemaking (NPRM) (June 2024)
- Go to U.S. Treasury Department Fact SheetU.S. Treasury Department Fact SheetInformation on the NPRM (June 2024)
- Go to U.S. Treasury Department Notice of Proposed RulemakingU.S. Treasury Department Notice of Proposed RulemakingFull NPRM language (June 2024)
- Go to Davis Polk AnalysisDavis Polk AnalysisUpdate on the proposed rulemaking (June 2024)
- Go to DLA Piper AnalysisDLA Piper AnalysisUpdate on the proposed rulemaking (June 2024)
- Go to K&L Gates AnalysisK&L Gates AnalysisUpdate on the proposed rulemaking (June 2024)
- Go to Gibson Dunn AnalysisGibson Dunn AnalysisUpdate on the proposed rulemaking (June 2024)
- Go to Simpson Thatcher AnalysisSimpson Thatcher AnalysisUpdate on the proposed rulemaking (June 2024)
- Go to ILPA Comment Letter to the U.S. Department of TreasuryILPA Comment Letter to the U.S. Department of TreasuryILPA's comment letter submitted to the U.S. Department of the Treasury on its Advanced Notice of Proposed Rule Making (ANPRM) (September 2023)
- Go to U.S. Treasury Department StatementU.S. Treasury Department StatementTreasury's statement announcing the Advance Notice of Proposed Rulemaking (ANPRM) and seeking public comment related to the implementation of the Executive Order (August 2023)
- Go to U.S. Department of Treasury Fact SheetU.S. Department of Treasury Fact SheetA five-page overview of the Executive Order and ANPRM (August 2023)
- Go to Executive OrderExecutive OrderOfficial text of the Executive Order (August 2023)
- Go to White House StatementWhite House StatementU.S. President's statement on the Executive Order (August 2023)
- Go to White House Letter to House and SenateWhite House Letter to House and SenateWhite House letters to the House and Senate on the Executive Order (August 2023)
- Go to ILPA Member Update on the Executive OrderILPA Member Update on the Executive OrderILPA member update on the Executive Order (August 2023)
- Go to ILPA Press Statement on the Executive OrderILPA Press Statement on the Executive OrderStatement from ILPA on Executive Order (August 2023)
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