US Treasury proposes a rule to crack down on high-tech investments in China, other adversaries
The U.S. Treasury Department has proposed a rule aimed at restricting American high-tech investments in China, Russia, North Korea, and other countries deemed adversaries. The proposed rule, titled the Comprehensive Outbound Investment National Security Act, would ban investments exceeding $50,000 in areas like hypersonic systems, supercomputing, biotechnology, and artificial intelligence, although financial investments would remain exempt.
The legislation, which expands on a program initiated by President Joe Biden in 2023, reflects ongoing tensions between the U.S. and its adversaries.
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