The head of the House Financial Services Committee on Thursday asked the Biden administration for details about its outbound investment proposal, including why investment restrictions would be more effective than export controls or sanctions. Republican U.S. Representative Patrick McHenry, whose panel has a wide remit over financial matters and is a key voice on potential investment restrictions on U.S. companies, called on Treasury Secretary Janet Yellen to provide more details ahead of her June 7 hearing appearance before the committee. Reuters reported in February that the Biden administration plans to outright ban investments in some Chinese technology companies and increase...