The memorandum outlines an “America First Investment Policy” aimed at enhancing national and economic security through foreign investment while protecting U.S. interests against adversarial threats, particularly from China. It emphasizes creating an open investment environment for allies, expediting investment processes, and imposing restrictions on foreign investments in critical sectors to prevent technology and infrastructure takeover. The policy includes mechanisms to deter U.S. investments in Chinese military sectors and aims to strengthen oversight of foreign companies operating in the U.S. Additionally, it underscores the importance of maintaining U.S. financial integrity and national security in investment decisions.