Bolstering American Economic Statecraft: A Conversation with Senators Cornyn and Casey on Outbound Investments

Congress has long been at the forefront of efforts to bolster America’s tools of economic statecraft. Parallel to the Biden administration’s long-awaited executive order on outbound investment, for example, the Senate recently passed an amendment to the National Defense Authorization Act proposing new powers and policies to further regulate the screening of outbound investment heading to China and other foreign adversaries.FDD’s Center on Economic and Financial Power (CEFP) hosts Sen. Bob Casey (D-PA) and Sen. John Cornyn (R-TX) for an on-the-record event to discuss ways to safeguard America’s economy and national security and ensure Washington has the capabilities necessary to build a more unified understanding of investment risks with appropriate screening mechanisms.The event is moderated by Juan C. Zarate, CEFP chairman and co-founder, and features a discussion with Elaine K. Dezenski, CEFP senior director and head, and Nova Daly, senior public policy advisor at Wiley Rein, LLP and CEFP advisor.