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ARTICLE · 11 AUGUST 2023

U.S. Takes First Step To Regulate Outbound Investment Into China

Ropes & Gray LLP
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On August 9, 2023, President Biden issued his long-anticipated "Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries...

GlobalGovernment, Public Sector
Ama Adams
Ama Adams
Brendan Hanifin
Brendan Hanifin
Emerson Siegle
Emerson Siegle
Kurt Fowler
Kurt Fowler
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On August 9, 2023, President Biden issued his long-anticipated "Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern" (the "Executive Order"), which represents the first step by the Biden administration to curb certain categories of U.S. investment into China.

The Executive Order instructs the Secretary of the Treasury, in consultation with the Commerce Department and other agencies, to impose notification requirements—and, in some cases, prohibitions—with respect to certain U.S. person investments concerning China that involve semiconductors and microelectronics, quantum information technologies, or artificial intelligence.

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