NEW YORK -- The Biden administration's long-expected outbound screening mechanism for U.S. investment in China continues to be delayed as the White House tries to get key allies on board while navigating domestic pushback in Congress and on Wall Street.
The screening mechanism, which would be put forth via executive order from President Joe Biden, would focus on investments in dual-use technologies that could have military applications, such as semiconductors, quantum computing and artificial intelligence. Biotechnology may be included as well.
