A bipartisan group of former senior U.S. national security officials urged Congress on Wednesday to dedicate resources to President Joe Biden's recent order restricting some outbound U.S. investment to China, calling it a top priority.
Twenty-one veteran officials – including former deputy national security advisor during the Trump administration Matt Pottinger, and Colin Kahl, who stepped down in July as undersecretary of defense for policy – sent a letter to congressional leaders, calling the order "a positive step in the overdue process of limiting adversaries' access to American capital."
The further development of outbound investment transparency and review should be "among your top foreign policy priorities", they wrote, calling it essential that Congress commit resources to implementation.
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