The Epoch Times Non-disclosure, prohibited transactions could lead to $1 million fines, 20 years in prison.
By Ryan Morgan
The Biden administration has proposed new requirements that would constrain U.S. investments in artificial intelligence and other critical technology sectors in China due to national security concerns.
The U.S. Treasury Department, on Friday, announced new proposed requirements for some transactions and bans on others involving U.S. outbound investments in the development of artificial intelligence, quantum computing, semiconductor, and microelectronics technologies.
âThis proposed rule advances our national security by preventing the many benefits certain U.S. investments provideâbeyond just capitalâfrom supporting the development of sensitive technologies in countries that may use them to threaten our national security,â Assistant Treasury Secretary for Investment Security Paul Rosen said.
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