President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China early next week, according to people familiar with the matter.
The order is expected to target U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence.
Most investments captured by the order will require that the government be notified about them.
The regulations are not expected to take effect right away and the administration will solicit comment on its proposals, according to sources.
Sources have told Reuters the investments that will be restricted are expected to track export control rules for China issued by the U.S. Department of Commerce in October.
Persons:
Joe Biden, Xi Jinping, Cordell Hull, Janet Yellen's, Laura Black, Emily Kilcrease
Organizations:
U.S . Commerce Department, U.S, Foreign Investment, Reuters, U.S . Department of Commerce
Locations:
Bali , Indonesia, China, U.S, Yellen, United States