Bessent Working on Clear Rules for US Investment in China
Scott Bessent during a House Financial Services Committee hearing in Washington on May 7.
Photographer: Pete Kiehart/BloombergThis article is for subscribers only.
Treasury Secretary Scott Bessent said he’s working with US legislators on outbound investment rules for China that would make clear what’s allowed and what’s not.
“We talked about the importance of establishing a either red light or green light, and not having a yellow zone, for outbound investment,” Bessent said Wednesday, referring to a discussion with two House representatives. “The outbound investment security program is an important national security tool in our effort to restrict the PRC from exploiting the benefits of US investment,” he said, referring to the People’s Republic of China.