The US Department of the Treasury’s Outbound Investment Security Program (OISP), effective January 2, 2025, has reshaped the regulatory landscape for cross-border transactions related to certain Chinese companies. The OISP targets sectors such as semiconductors and microelectronics, advanced technologies, and artificial intelligence systems, with potential expansion to other areas. As the program is nearly a year in, understanding its implications, compliance requirements, and best practices has become crucial.

McDermott Will & Schulte lawyers provided an in-depth examination of the OISP, sharing valuable insights gained during the last year and shared practical guidance on compliance and risk management.

Discussion topics included:

• An overview of the OISP and its key provisions
• Best practices for compliance, including policies and procedures for identifying affected investments
• Challenges and industry solutions arising from the OISP’s implementation
• Discussion of potential developments and changes to the OISP in 2026