The US Department of the Treasury has issued a final rule to implement an executive order aimed at addressing national security threats posed by certain technologies and products in countries of concern. The rule, which takes effect on January 2, 2025, prohibits US persons from engaging in transactions with individuals or entities in these countries involving sensitive technologies such as semiconductors, microelectronics, quantum information technologies, and artificial intelligence. The Treasury Department has identified the People's Republic of China, along with Hong Kong and Macau, as countries of concern.
According to Paul Rosen, Assistant Secretary for Investment Security, this rule is a targeted measure to ensure that US investments are not exploited to advance the development of key technologies by countries that may use them to threaten national security. The rule builds on extensive engagement with stakeholders, experts, and allies to ensure its effectiveness while maintaining an open investment environment.
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