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Restricting Investments in Critical Technologies in Countries of Concern

This act aims to protect U.S. national security by limiting investments by U.S. persons and entities in advanced technologies (e.g., semiconductors, AI) within countries deemed of concern, such as China or Russia. It introduces prohibitions or mandatory notifications for such activities to prevent the use of U.S. knowledge and capital to develop capabilities that could threaten the U.S. Citizens and businesses must be aware of these new foreign investment rules to avoid penalties.
Key points
Prohibition on investing in selected, sensitive technologies (e.g., AI, semiconductors) in countries deemed a threat to U.S. national security.
Mandatory notification for certain investments in critical technologies in these countries, even if not prohibited.
Potential for financial penalties for violating new foreign investment regulations.
International cooperation with allies to establish similar investment screening mechanisms.
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Status:
Expired
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Additional Information
Print number: 118_HR_6349
Sponsor: Rep. McCaul, Michael T. [R-TX-10]
Process start date: 2023-11-09