Global technology trade association ITI has expressed its views on the U.S. Department of Treasury's recently finalized rule concerning U.S. investments in certain national security technologies and products within countries deemed of concern. John Miller, ITI's Senior Vice President of Policy and General Counsel, highlighted the potential impacts on U.S. economic security.

Miller stated, "U.S. investments abroad are foundational to U.S. economic security, helping U.S. companies diversify the supply chain, engage the research and development ecosystem, and gather intelligence on global market conditions." He added concerns about broad prohibitions potentially affecting U.S. companies' ability to form partnerships and attract customers internationally.

The organization emphasized that maintaining a competitive edge in the global technology market requires careful implementation of national security tools to manage identifiable risks effectively. "ITI looks forward to continued engagement with policymakers as the rule is implemented," Miller noted.

Previously, in comments submitted to the Treasury Department in August, ITI warned that the proposed outbound investment process might unintentionally hinder U.S. businesses from expanding into global markets.