US prepares new rules on investment in technology abroad- WSJ

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque

March 3 - The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journalon Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration's work on the new rules would in practice largely deal with U.S. investments in China though the report given to lawmakers did not identify any countries, the WSJ said.

The new rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence, the WSJ reported quoting people familiar with the matter as saying. The Treasury and Commerce departments expected to finalize their policy in the near future, it added.last month that Biden administration was planning an outright ban on investments in some Chinese technology companies and increased scrutiny of others.

so damn weird

What America needs is seclusion!😬

Very good. Please strictly restrict investment in China, Russia and Iran.

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WSJ News Exclusive | U.S. Prepares New Rules on Investment in Technology AbroadThe Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, a new step by the Biden administration to guard U.S. technology advantages during a growing national-security competition with China. Unless you’re Nancy Pelosi is for I’m not a subscriber and can’t read it, would it include TSMC? $TSM? Investing in foreign technologies is a Biden family privilege, not a lowly American citizen freedom.
Source: WSJ - 🏆 98. / 63 Read more »