Biden finalizes crackdown on US military tech investments in China with one week to lame duck session
Fox News
The Treasury Department finalized a crackdown that will prevent U.S. companies and citizens from investing in the development of military technologies in China.
The rule prohibits U.S. financing of some China-based ventures and requires Americans to notify the government of their involvement in others.
It restricts and monitors American investments in artificial intelligence, computer chips and quantum computing, all of which have a dual use in the defense and commercial sectors.
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