US Treasury proposes expanding tech investment restrictions to N. Korea
WASHINGTON — The U.S. Treasury Department has proposed expanding restrictions on American investments in sensitive technologies to include North Korea and several other countries, as Washington seeks to prevent adversaries from using U.S. capital to develop advanced military capabilities. The proposed regulations, detailed in a notice scheduled to be published in the Federal Register on Thursday,…
The U.S. Treasury Department has proposed expanding restrictions on American investments in sensitive technologies to include North Korea, along with China, Russia, Iran, and Cuba. This move is part of the Comprehensive Outbound Investment National Security Act, which was enacted in December last year. The proposed regulations, to be published in the Federal Register, would prohibit U.S. persons from investing in certain foreign entities engaged in specified sensitive technologies, while other transactions would require notification.
The regulations aim to prevent adversaries from using U.S. capital to develop advanced military capabilities.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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