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Biden's Asia policy

U.S. lawmakers weigh outbound investment reviews with eye on China

'Reverse CFIUS' proposal would further tighten restrictions on sensitive industries

The U.S. has already imposed a range of restrictions aimed at preventing technology leaks, but critics say more needs to be done.   © Reuters

WASHINGTON -- Debate is heating up here over a proposed expansion of the U.S. government's economic powers to review corporate investments not only in America, but also in other countries, like China and Russia.

The mechanism has been called a reverse version of the Committee on Foreign Investment in the United States (CFIUS), an interagency body that reviews inbound investments and can recommend that the president block transactions seen as potential security threats.

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