11/12/2023 0 Comments Joe biden executive orders total![]() ![]() Chinese startups will certainly press to decouple the two to gain access to knowhow. To date, capital and knowhow have been bundled. The key accelerant is the knowledge and knowhow that accompanies such investment by venture capitalists. The real accelerant of innovation that could contribute to Chinese military capabilities is not supplying capital. While the executive order seeks to prevent knowingly directing transactions that would otherwise be prohibited, the reality is complex. One should anticipate that they may seek creative avenues to continue their engagement. As with all regulations, there are unintended consequences that bear watching.įirst, the screening requirements seek to restrict venture capitalists in the US and new ventures in the PRC, among the most innovative actors in each nation. On the other hand, the restrictions seem commonplace amid a bipartisan focus on limiting the rapid rise in the capabilities of the People’s Republic of China’s (PRC) military. On one hand, the relatively calm response is surprising, given the fact that such restrictions are a radical departure from the historic US embrace of an open flow of investments (though inbound investment has been restricted for some time). The broader business community’s views, as articulated by the US Chamber of Commerce, hopes that the ultimate rules are “targeted and administrable” and balance the need to “safeguard our national security and values” while preserving “the area of commercial opportunity where we can and should engage productively." Some US venture capitalists will be most impacted. Defense hawks decry the delay in defining and implementing robust restrictions in the face of a growing security threat. ![]() Some found it too little (and too slow), some found it too much, and some found it just right. Reaction to President Joe Biden’s executive order establishing an outbound investment screening mechanism reminds one of Goldilocks and the three bears. Kennedy Director, Wahba Institute for Strategic Competition Careers, Fellowships, and Internships Open/Closeīeware the Unintended Consequences of Investment Restrictions Hon.Wahba Institute for Strategic Competition.Science and Technology Innovation Program. ![]() Refugee and Forced Displacement Initiative.The Middle East and North Africa Workforce Development Initiative.Kissinger Institute on China and the United States.Nuclear Proliferation International History Project.North Korea International Documentation Project.Environmental Change and Security Program.Hyundai Motor-Korea Foundation Center for Korean History and Public Policy. ![]()
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