The Biden administration is preparing to rollout a new program that could prohibit U.S. investment in some technology sectors abroad
Biden administration will seek new money in its budget next week to set up a program regulating investment abroadWASHINGTON—The Treasury Department is preparing a new program that could prohibit U.S. investment in certain
sectors of adversarial nations, a new step by the Biden administration to guard U.S. technology advantages during a growing national-security competition with China.lawmakers Friday on Capitol Hill, the Treasury and Commerce departments said they were considering a new regulatory system to address U.S. investment in advanced technologies abroad that could pose national security risks, according to copies of the reports viewed by The Wall Street Journal.
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