Biden administration will seek new money in its budget next week to set up a program regulating investment abroadWASHINGTON—The 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.lawmakers Friday on Capitol Hill, the Treasury and Commerce departments said they were considering a new regulatory system to address U.S. investment in advanced technologies abroad that could pose national security risks, according to copies of the reports viewed by The Wall Street Journal.
Investing in foreign technologies is a Biden family privilege, not a lowly American citizen freedom.
I’m not a subscriber and can’t read it, would it include TSMC? $TSM?
Unless you’re Nancy Pelosi is for