Treasury proposes curbs on high-tech investments in China, Russia, North Korea
The Treasury Department on Thursday proposed a rule to curb American high-tech investments, including AI, outbound to U.S. adversaries like China, Russia, North Korea and other "countries of concern." The rule expands restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems and quantum information technologies, high-performance computing and supercomputing, as well as…
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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