United States Issues New Executive Order that Begins Rulemaking Process to Impose Regulations on Certain Outbound Investments in Identified “Countries of Concern” including China, Hong Kong and Macau

On August 9, 2023, President Biden issued Executive Order 14105 “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern.” The Executive Order targets certain U.S. outbound investments into Chinese, Hong Kong and Macau entities that are engaged in certain sensitive technologies or products within three sectors: (i) semiconductors and microelectronics; (ii) quantum information technologies; and (iii) artificial intelligence systems.

These regulations have not yet been implemented. Instead, the Executive Order triggers the beginning of a rulemaking process within the U.S. Department of the Treasury, and is anticipated to result in regulations controlling U.S. person […]

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By Donato