On August 9, 2023, President Biden issued an “Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern” (the “Executive Order”) directing the Secretary of the Treasury, in consultation with other Executive Branch agencies, to issue regulations that will require U.S. persons to report certain outbound investment transactions and will prohibit U.S. persons from engaging in certain other outbound investment transactions, in each case that involve “person[s] of countries of concern” engaged in activities involving “covered national security technologies and products.”