US Issues Final Rule Curbing Investments in Sensitive Technology Development in China

The new rule was announced amid concerns the Chinese regime is stealing U.S. technology and rapidly expanding its military and intelligence capabilities.

People visit Semicon China, a trade fair for semiconductor technology, in Shanghai on March 17, 2021. Aly Song/Reuters

The U.S. Department of Treasury is implementing a new rule to limit outbound U.S. investments in Chinese companies developing advanced technologies that could impact U.S. national security.

The Treasury Department rule is set to go into effect on Jan. 2, 2025, and is meant to create an enforcement framework for an executive order President Joe Biden enacted in August of last year.