BIDEN ADMINISTRATION ANNOUNCES NEW US-CHINA OUTBOUND INVESTMENT SANCTIONS
On August 9, 2023, President Biden issued an Executive Order (the “Executive Order”) restricting certain U.S. investments in Chinese companies which produce technologies and products raising US national security concerns.” On the same day, the Treasury Department issued an “Advanced Notice of Proposed Rulemaking” (“ANPR”) commencing the process to issue regulations imposing the new investment … Read more
