President Donald Trump on Dec. 18 signed into law a tighter outbound investment screening regime to stop U.S. capital from funding Chinese high-tech companies.
The revised version of the Comprehensive Outbound Investment National Security Act of 2025 (COINS Act) was enacted as a part of the National Defense Authorization Act (NDAA) for Fiscal Year 2026.
The $901 billion defense bill also includes a raft of new powers to strengthen supply chain security and improve the government’s China expertise.
The Guaranteeing Access and Innovation for National Artificial Intelligence Act (GAIN AI Act), which would require advanced chipmakers to prioritize U.S. customers over clients in China, passed the Senate as part of an earlier iteration of the NDAA, but was not included in the final version….