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ARTICLE · 11 JULY 2024

Treasury Issues Long-Anticipated NPRM On Outbound Investments

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On June 21, 2024, the US Department of the Treasury (Treasury) issued a long-anticipated Notice of Proposed Rulemaking (NPRM) to implement Executive Order (EO) 14105, entitled "Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern."

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

On June 21, 2024, the US Department of the Treasury (Treasury) issued a long-anticipated Notice of Proposed Rulemaking (NPRM) to implement Executive Order (EO) 14105, entitled "Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern." EO 14105 authorizes a new national security regulatory regime 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 computing technologies, and artificial intelligence (AI) sectors (collectively, "covered national security technology or products").

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