While broad outbound investment screening authorities were ultimately dropped from the CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act, the debate over outbound investment is far from over. The concept of outbound investment controls has gained bipartisan support in Congress and the administration has also endorsed the idea. New authorities with new powers are likely in the coming year, but significant challenges remain in designing an outbound investment mechanism that robustly protects national security while remaining appropriately scoped to enable effective implementation and avoid negative impacts on US competitiveness.

The Atlantic Council GeoEconomics Center and the Energy, Economics, and Security Program at the Center for a New American Security (CNAS) have joined together to develop pragmatic recommendations for designing workable outbound investment screening authorities in “Sand in the silicon: Designing an outbound investment controls mechanism.” The innovative and timely publication was shaped in part by several workshops which brought together experts and former government practitioners in the field of economic statecraft. 

For a full briefing on the growing discussion and our recommendations, join the Atlantic Council and Center for a New American Security on Wednesday, September 14 from 9:30 to 10:45 am.


Sarah Bauerle Danzman
Associate Professor of International Studies
Indiana University Bloomington
Non-resident Senior Fellow
Economic Statecraft Initiative, Atlantic Council

Peter Harrell
Senior Director for International Economics and Competitiveness 
The White House National Security Council

Emily Kilcrease
Senior Fellow and Director of the Energy, Economics and Security Program
Center for a New American Security


Charles Lichfield
Deputy Director
GeoEconomics Center, Atlantic Council

At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.