Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the impact of US Executive Order 14105, entitled Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern, implemented on 9 August 2023, on UK businesses.

The Department for Business and Trade continues to engage closely with the US Government on potential national security risks posed by Outward Direct Investment. It will have an extra territorial impact, which may impact some UK businesses. The Department for Business and Trade is engaging with UK businesses and financial stakeholders to ensure they are considering the extra territorial impact of such regulations before the Executive Order 14105 comes into effect on 2 January 2025.