WASHINGTON : The White House on Wednesday announced plans to prohibit some U.S. investments in certain sensitive technologies in China, and require that the government be notified of other investments, but said it could take time before the moves take effect.
Administration officials insisted the proposed rule would require notification of many investments while prohibiting a few. The goal is to avert the"most acute" national security risks by regulating investments in Chinese companies and entities working on a narrow set of technologies that could give China military and intelligence advantages.
The administration will then assess the public comments by stakeholders and move forward with a formal notice of proposed regulation, with a goal of ensuring public comment.
Source: News Formal (newsformal.com)
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