Newly-elected members of the U.S. Congress airs for a photograph connected the steps of the U.S. Capitol successful Washington, U.S., November 15, 2024.
Hannah Mckay | Reuters
Congress is acceptable to ballot successful the coming days connected authorities restricting U.S. investments successful China arsenic portion of a measure to money authorities operations done mid-March, lawmakers said precocious connected Tuesday.
In October, the Treasury finalized rules effectual Jan. 2 that volition bounds U.S. investments successful artificial quality and different exertion sectors successful China that could endanger U.S. nationalist security.
The measure expands connected those restrictions and besides includes different provisions aimed astatine concerns astir China, including a request to survey nationalist information risks posed by Chinese-made user routers and modems and mandate reviews of Chinese existent property purchases adjacent further nationalist information delicate sites.
The Chinese Embassy successful Washington did not instantly comment.
The measure volition besides necessitate the Federal Communications Commission to people a database of each entity that some holds an FCC licence oregon authorization and has immoderate ownership by overseas adversarial governments, including China to guarantee the committee "knows erstwhile telecommunications and exertion companies person a transportation and overseas adversary."
Lawmakers person criticized large American scale providers for directing billions of dollars from U.S. investors into stocks of Chinese companies that the U.S. believes are facilitating the improvement of China's military.
The Treasury rules and authorities screen semiconductors and microelectronics, quantum accusation technologies and definite AI systems aimed astatine preventing investments successful Chinese technologies similar cutting-edge code-breaking machine systems oregon next-generation combatant jets.
Representative Rosa DeLauro, the apical Democrat connected the House Appropriations Committee, said "for years I person watched American dollars and intelligence spot substance the Chinese Community Party's exertion and capabilities... This authorities builds connected the regulations enactment into spot this twelvemonth by the Biden Administration, and sets the signifier for continued bipartisan efforts to support and rebuild our captious nationalist capabilities."
The outbound authorities covers technologies listed successful the Treasury bid and adds further AI models that usage immoderate semiconductors, AI systems designed for exclusive subject oregon authorities surveillance extremity use, hypersonic systems and further export-controlled technologies.
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