Outbound Investment

The Treasury Department has proposed rules implementing outbound investment screening provisions enacted through the COINS Act and the FY2026 National Defense Authorization Act. The proposal could create compliance considerations for contractors and businesses investing across borders or working in sensitive technologies, but the available information identifies no comment deadline, effective date, or procurement opportunity.

The Treasury proposal would expand outbound investment rules to biotechnology and other advanced sectors, potentially subjecting certain U.S.-person investments involving countries of concern to notification or prohibition requirements. Pharma companies and investors face unresolved questions about co-development, profit-sharing, and joint ventures; comments are due December 7, 2026, and the final rule is expected by March 13, 2027.