Ranking Member Krishnamoorthi Statement on Executive Order to Strengthen National Security on Outbound Investments to the PRC

WASHINGTON, D.C. – Today, Congressman Raja Krishnamoorthi (D-IL), Ranking Member of the House Select Committee on the Strategic Competition Between the U.S. and the CCP, released the following statement on today’s executive order by President Joe Biden regarding outbound investments on key technology deemed a national security priority.

“Today’s announcement is an essential step forward in addressing the very real national security concerns from the CCP, but it cannot be the final step. We have seen the impact the October export controls have made in ensuring American investment and technology are not fueling the CCP's military modernization and human rights abuses, and I am confident these measures to address outbound investment in key strategic technologies will build on that progress. The threats we face are not static, and our actions need to be dynamic and coordinated with allies and partners to ensure we are building a lasting security for the American people.”