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US Treasury Department

US government agency

US Politics · US Treasury proposes curbs on US tech investment in China, Russia

The U.S. Treasury Department proposed a rule Thursday that would crack down on American investments exceeding $50,000 in artificial intelligence, biotechnology, hypersonic systems and supercomputing in China, Russia, North Korea and other countries of concern, expanding restrictions first imposed under a 2023 executive order and codified by Congress last year.