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U.S. Treasury Proposes Rules to Regulate, Monitor, and Block Investments in China's Military Tech

Jun 21, 2024, 06:11 PM

The U.S. Treasury Department has issued proposed rules to regulate and monitor American firms' investments abroad in key sectors such as semiconductors, microelectronics, quantum information technologies, and artificial intelligence. This move aims to curb China's advancements in these critical technologies. The Biden administration's plan focuses on restricting and blocking investments by U.S. individuals and companies into China, particularly in areas tied to national security and military uses. The new rules come a year after the Senate failed to agree on a similar plan as part of the National Defense Authorization Act (NDAA). These regulations are part of an executive order addressing U.S. investments in certain national security technologies and products in countries of concern.