The U.S. Treasury Department has issued a proposed rulemaking for a forthcoming outbound investment program. This initiative aims to impose reverse CFIUS-like rules on key industries in China, reflecting heightened national security-related scrutiny of foreign investments. The proposed regulations, part of an outbound investment security program, will require comments by August 4. The rationale behind these additional trade measures is to maintain pressure on China to change its trade and industrial policies, though some experts, including Larry Greenwood and Larry Sussman, argue this approach is problematic.