US Treasury proposes wider limits on high-tech investments in China, Russia and other countries of concern

The Associated Press reports that Treasury’s proposal would expand US restrictions on outbound investments in AI, supercomputing, biotechnology and hypersonic systems in China, Russia, North Korea and other countries of concern. The rule would implement a 2025 law, apply only to investments exceeding $50,000 and exclude many financial investments, including stock purchases. Treasury will take public comments before issuing a final rule.