Restricting US Investments in China and Adversary Countries for National Security
This Act establishes new rules and prohibitions on investments made by US persons and entities in critical technologies (such as AI and semiconductors) within China, Russia, Iran, and other designated countries of concern. The goal is to safeguard US national security by preventing American capital from funding the military and surveillance technology development of foreign adversaries. The legislation mandates reporting or completely avoiding specific transactions, subject to civil penalties and forced divestment.
Key points
US persons and entities are prohibited from investing in advanced technologies (e.g., AI, quantum, semiconductors) in China and five other countries of concern.
Mandatory notification requirements are established for US investors regarding transactions in specific technology sectors that are not subject to outright prohibition.
Non-compliance can result in significant civil penalties and the forced sale (divestment) of prohibited investments.
The law authorizes sanctions on foreign entities in China involved in defense or surveillance technology, banning US persons from purchasing their equity or debt.
Introduced
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