The executive order puts restrictions on investments made by American organisations in certain types of Chinese technology companies, with national security being cited as the reason for the soon-to-be imposed order.
“Today, President Joe Biden signed an Executive Order on Addressing United States Investments In Certain National Security Technologies And Products In Countries Of Concern that authorizes the Secretary of the Treasury to regulate certain U.S.
It looks the executive order is aimed at preventing US entities from investing in technology companies from countries that could potentially use said solutions in future against the United States. “We are committed to taking narrowly targeted actions to protect our national security while maintaining our longstanding commitment to open investment. This program will seek to prevent foreign countries of concern from exploiting U.S. investment in this narrow set of technologies that are critical to support their development of military, intelligence, surveillance, and cyber-enabled capabilities that risk U.S. national security,” the release continued.