Treasury Seeks Comments on Regulation of Chinese Chip Threats
Comments are due Sept. 28 on a Treasury Department rule on implementing an executive order meant to combat national security threats posed by technology in China, Hong Kong and Macau, the department said Wednesday. The EO, which President Joe Biden…
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signed Wednesday, addresses U.S. “investments in certain national security technologies and products in countries of concern.” The department has been asked to issue a rule regulating technology related to semiconductors, microelectronics, quantum computing and AI. The EO directs Treasury to ban U.S. citizens from “engaging in certain transactions involving certain technologies and products that pose a particularly acute national security threat” to the U.S. The rules would govern notification requirements for transactions involving certain technologies and products that pose national security threats.