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ARTICLE · 09 JULY 2024

Treasury Department Issues Proposed Rule To Implement Restriction On Certain U.S. Investments In China

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On June 21, 2024, the U.S. Department of the Treasury announced a Notice of Proposed Rulemaking (NPRM) to implement the August 9, 2023 Executive Order 14105, "Addressing United States Investments...

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On June 21, 2024, the U.S. Department of the Treasury announced a Notice of Proposed Rulemaking (NPRM) to implement the August 9, 2023 Executive Order 14105, "Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern" (the Outbound Order). The NPRM outlines proposed restrictions and notification regulations for U.S. persons making certain investments in "countries of concern," namely the People's Republic of China (PRC) and the Special Administrative Regions of Macau and Hong Kong, that involve sensitive technologies and products in the areas of semiconductors and microelectronics, quantum information technologies, and artificial intelligence (AI).

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