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ARTICLE · 03 JULY 2024

Treasury Publishes Proposed Rule To Implement Outbound Investment Program

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On June 21, 2024, the U.S. Department of the Treasury issued a notice of proposed rulemaking ("NPRM") to implement the China-focused outbound investment program introduced by Executive Order 14105...

United StatesFinance and Banking
Ama Adams
Ama Adams
Brendan Hanifin
Brendan Hanifin
Emerson Siegle
Emerson Siegle
Kurt Fowler
Kurt Fowler
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On June 21, 2024, the U.S. Department of the Treasury issued a notice of proposed rulemaking ("NPRM") to implement the China-focused outbound investment program introduced by Executive Order 14105 (the "Outbound EO") of August 9, 2023. The NPRM, which is not a final rule, builds upon the advance notice of proposed rulemaking published by the Treasury Department in conjunction with the Outbound EO.

The NPRM would impose notification requirements—and, in some cases, prohibitions—with respect to certain U.S. investments concerning China that involve semiconductors and microelectronics, quantum information technologies, or artificial intelligence.

1. Who Would Be Required to Comply?

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