Biden signs an executive order banning US investments in some Chinese companies developing advanced semiconductors and quantum computers, starting in 2024

Biden's order will also require U.S. private-equity and venture-capital firms to disclose certain investments

Wall Street Journal 2023-08-10 Andrew Duehren

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@aexm Ana Milicevic on x
Apropos the reverse CFIUS draft, a while back we tackled technological sovereignty as a concept (in nation-state terms) & what happens when a previously delightfully borderless software landscape all of a sudden starts spouting borders #SparrowOne https://sparrowone.substack.com/…
@acgeoecon @acgeoecon on x
📢The Biden administration just issued an executive order (EO) on an outbound investment screening mechanism. How can its implementation support a commitment to open markets, business competitiveness, and national security interests? 🧵 https://www.whitehouse.gov/...
@duhockeyfan @duhockeyfan on x
Great focus today on #outboundinvestment policy but important not to miss that US investment in #China (including venture capital) is already at an all time low. China's overall net #FDI is down 87% yoy. via @WSJ [image]
@danprimack Dan Primack on x
Here it is... Reverse CFIUS... A national security rule targeting U.S. venture capital and private equity investments in certain types of Chinese tech cos. But nothing goes into effect yet, despite months of internal WH talks. Comment period https://home.treasury.gov/...
@nglinsman Nicholas Glinsman on x
Reverse CFIUS stage 1 arrives. This will still take some months to be implemented. However, Congress will impose a much stricter version at a later date. We at Malmgren Glinsman Partners have written & spoken about this. https://www.wsj.com/...
@senatebanking @senatebanking on x
Today's action, along with our Outbound Investment Transparency Act, will help ensure American dollars and expertise don't go toward building up the Chinese government's military and intelligence capabilities. https://www.nytimes.com/...
@sarahbauerle Sarah BauerleDanzman on x
The long awaited #outboundinvestment #EO is out! It will create a narrow notification and sometimes prohibition requirement for US persons investing in non-passive investment in China, HK, and Macau in advanced semis, quantum computing, and certain AI tech https://www.whitehouse.…
@ehunterchristie Edward Hunter Christie on x
1-5 FT: US to restrict outbound financial investment “into Chinese quantum computing, advanced chips and artificial intelligence sectors” The narrowly targeted measures follow what Jake Sullivan has called a “small yard, high fence” strategy. https://www.ft.com/...
@financialcmte @financialcmte on x
#NEW: Chairman @PatrickMcHenry and Subcommittee Chairman @RepBlaine release a statement on the Biden Administration's Executive Order restricting outbound investment to China. 👇 Read more 🔗 https://financialservices.house.gov/ ... [image]
@ehunterchristie Edward Hunter Christie on x
3-5 The aim is to stop “countries of concern” receiving US investments that help them develop cutting-edge technologies in areas such as Quantum and AI that may have military applications or other applications that could harm the national security of the United States. [image]
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Biden signs order to ban certain tech investments in China

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Biden signs an executive order banning US investments in some Chinese companies developing advanced semiconductors and quantum computers, starting in 2024

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