If enacted, the bill would establish an interagency committee in the US to review certain outbound investment and other activity affecting supply chain security, domestic production, and manufacturing capacities.

Key Points:

..The bill significantly expands the scope of the proposed regime from previous bills and clarifies aspects of the review process.

..If enacted, the bill would require both US persons and foreign entities to notify an interagency committee prior to engaging in certain “covered activities.”

..The bill would authorize the US government to impose conditions to mitigate national security risks posed by the proposed activity.