Lawmakers revealed this week that the U.S. Congress will vote on a new law restricting U.S. investment in China.
They said restrictions on U.S. investment in artificial intelligence and other technology would be part of a bill to fund government operations by mid-March.
This is as follows Treasury finalizes rules In October, areas of technology where China could threaten U.S. security were discussed. These rules will take effect on January 2nd.
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The bill expands those restrictions and includes other provisions aimed at allaying concerns about China, including requiring a study of the national security risks posed by China. Consumer routers and modems made in China.
It would also require scrutiny of Chinese real estate purchases near security-sensitive locations in other countries.
Reuters said the Chinese Embassy in Washington did not immediately comment on the latest restrictions.
The bill also requires the FCC to publish a list of all entities that hold FCC licenses or authorizations with ownership rights from hostile foreign governments, including China, to ensure the commission “knows when telecommunications and technology companies are establishing ties with foreign adversaries.” “
Chips, quantum and artificial intelligence
Lawmakers have criticized major U.S. index providers for plowing billions of U.S. investors’ money into shares of Chinese companies that the U.S. believes are promoting China’s military development.
The Treasury Department’s rules and legislation, which cover semiconductors and microelectronics, quantum information technology and certain artificial intelligence systems, are designed to block investment in Chinese technologies such as cutting-edge code-breaking computer systems or next-generation fighter jets.
Rep. Rosa DeLauro, the top Democrat on the House Appropriations Committee, said: “For years, I have seen dollars and intellectual property drive the technology and capabilities of the Chinese Communist Party…
“This legislation builds on regulations enacted by the Biden administration this year and sets the stage for continued bipartisan efforts to protect and rebuild our critical national capabilities.”
The outbound legislation covers technologies listed in the Treasury order and adds other artificial intelligence models using certain semiconductors, artificial intelligence systems designed for military or government surveillance end uses, hypersonic systems and other export-controlled technologies.
- Reuters Additional editing by Jim Pollard
See also:
US plans to ban sales of Chinese TP-Link routers: report
U.S. removes Chinese chip companies from ‘military relations’ list after lawsuit
Trump plans to restrict China’s electric vehicle supply chain
China launches antitrust investigation Nvidia “faces $1 billion fine”
Chinese industry body says buying U.S. chips ‘unsafe’
China strikes back at U.S. ban, halts export of key chip materials
Western companies rush to purchase critical minerals after Chinese restrictions
China to restrict exports of antimony metal, ores and oxides – South China Morning Post
