U.S. Treasury puts cost of investment risk programme at $10mln

U.S. Treasury Department has announced that U.S. investment risk programme could cost $10 million in areas with sensitive technology which potentially harmful to national security, according to its report obtained by Reuters on Saturday.

President Joe Biden’s administration weighs restrictions on outbound investments, and the president prepares to release his proposed budget for the next fiscal year that starts in October.

“As currently contemplated, the program would … focus on investments that could result in the advancement of military and dual-use technologies by countries of concern,” the report added.

In addition to that the investments that would be subject to the programme are of a nature that they are not presently captured by export controls, sanctions, or other related authorities.