**Biden Administration Tightens Controls on Investments in Sensitive Technologies**

The Biden-Harris Administration is ramping up efforts to protect national security interests by limiting U.S. investments in certain critical technologies. The new measures specifically target investments that could potentially bolster technological advancements in countries deemed a threat, with the primary focus on the People's Republic of China.

The U.S. Department of the Treasury has issued a Final Rule to enforce President Biden's Executive Order 14105, which was signed on August 9, 2023. The Final Rule outlines strict regulations and provides detailed guidance on its intent and implementation. According to the rule, U.S. persons are prohibited from engaging in specific transactions involving a set list of technologies and products that present significant national security risks. Additionally, the rule mandates that U.S. persons report certain other transactions that might pose a security threat to the Department of the Treasury.

The United States already imposes restrictions on the export of many sensitive technologies and products to countries of concern. The new program is designed to complement existing export control laws and inbound screening measures to further prevent U.S. investments from aiding the development of potentially dangerous technologies in these countries.

This regulatory announcement follows a comprehensive consultation process that included input from hundreds of stakeholders, bipartisan members of Congress, industry representatives, and international allies and partners. The announcement is the culmination of the process initiated by President Biden in August 2023 when he signed the Executive Order.