New Executive Order Restricts U.S. Investments in China
Highlights
A recent executive order creates new prohibitions and notification requirements for U.S. investments in China, which can include investments involving Chinese subsidiaries, branches, or ownership
Proposed rules target national security technologies, such as advanced semiconductors and microelectronics, quantum information technologies, and artificial intelligence systems
The Treasury Department is seeking comments from interested parties by Sept. 28, 2023
In August 2023, President Joe Biden issued a much-anticipated executive order instructing the U.S. Department of the Treasury to establish a program restricting certain U.S. outbound investments in China, Hong Kong and Macau (collectively, China). The new restrictions will specifically target investments in certain categories of national security technologies and products.
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