Draft rules have been issued in the United States for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China that could threaten US national security, Reuters reports.
Publication of the proposed rules by the US treasury department – along with a raft of exceptions – for public comment follows an executive order signed by President Joe Biden last August. The rules put the onus on US individuals and companies to determine which transactions will be restricted or banned.
Reuters reports that Biden’s executive order, which directed regulation of certain US investments in semiconductors and microelectronics, quantum computing and artificial intelligence, is part of a broader push to prevent US know-how from helping the Chinese to develop sophisticated technology and dominate global markets.
The public has until 4 August to comment on the draft rules. The US treasury reportedly aims to implement the regulations by the end of the year.
Treasury assistant secretary for investment security Paul Rosen said: “This proposed rule advances our national security by preventing the many benefits certain US investments provide — beyond just capital — from supporting the development of sensitive technologies in countries that may use them to threaten our national security.”
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