Inside Trade

November 4, 2024

Treasury investment rule outlines exception for allies, tweaks knowledge standard

By Brett Fortnam  / October 30, 2024 at 12:52 PM
Outbound investment restrictions the Treasury Department finalized on Monday include an exception for transactions involving countries that similarly regulate investments in strategic Chinese technological sectors and a slightly modified knowledge standard. The Biden administration issued the much-anticipated final rule imposing restrictions on outbound investment into China’s semiconductor, quantum information technologies and artificial intelligence sectors after releasing a notice of proposed rulemaking in June and an advance NPRM in August 2023, alongside an executive order directing Treasury to craft the restrictions...

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