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ARTICLE · 14 NOVEMBER 2024

Treasury Finalizes Outbound Investment Regime

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On October 28, 2024, the US Department of the Treasury issued a Final Rule that will prohibit or require notification of certain US investments concerning China that involve sensitive technologies and products in the semiconductors and microelectronics, quantum information technologies, and artificial intelligence sectors.

United StatesGovernment, Public Sector
Ryan Pereira
Ryan Pereira
Evan T. Abrams
Evan T. Abrams
Brian J. Fleming
Brian J. Fleming

On October 28, 2024, the US Department of the Treasury issued a Final Rule that will prohibit or require notification of certain US investments concerning China (including Hong Kong and Macau) that involve sensitive technologies and products in the semiconductors and microelectronics, quantum information technologies, and artificial intelligence sectors (collectively, "covered national security technology or products"). The regulations are effective on January 2, 2025.

As explained in Treasury's press release, the new regime is focused on addressing national security threats posed by certain US outbound investments involving covered national security technology or products that contribute capital as well as intangible benefits, which can enhance China's military, intelligence, surveillance, or cyber-enabled capabilities.

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