Reposted by Mary McDougall
Remember s892 that was going to screw SWFs?
SWFs got cross, and @marymcd.bsky.social got the US Treasury to provide on-the-record assurance that existing investments won't be subject to changes.
www.ft.com/content/c283...
ft.com
Washington seeks to reassure sovereign wealth funds over tax changes
Top foreign investors have warned they could cut their US exposure if Treasury presses ahead