Treasury Imposes First Penalty Under the Outbound Investment Security Program

On October 7, 2026, the U.S. Department of the Treasury (Treasury) announced that it had issued the first civil monetary penalty under the Outbound Investment Security Program (OISP) in July 2026.

Treasury penalized Amidi, LLC (Amidi), a U.S. entity, $200,000 for failing to notify Treasury of an investment by its controlled foreign entity, a Chinese fund, in a Chinese artificial intelligence (AI) and robotics company. Amidi also is the parent entity of Plug and Play Tech Center, a Silicon Valley-based global innovation platform and startup accelerator. Although the underlying investment was modest in dollar terms, the announcement is significant as the first publicly announced enforcement action under the OISP, which took effect on January 2, 2025.

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