Key House Republican warns White House against executive action on outbound investment security reviews

The top Republican on the House Financial Services Committee is cautioning the White House against issuing an executive order requiring security reviews of so-called outbound investments in China and other adversarial nations, the latest salvo in an intensifying anti-regulatory campaign by the House GOP that has extended into cyber.

“I am … concerned that the Administration may choose to resort to unilateral measures, such as the International Emergency Economic Powers Act (IEEPA), rather than work with Congress to address the...