Public comments on the proposed rules will be accepted until Aug. 4.
watch nowTreasury said the new rules were intended to implement "a narrow and targeted national security program" focused on certain outbound investments in countries of concern.
Treasury had mapped out the contours of the proposed rules in August.
Certain third-country transactions determined to be addressing national security concerns, or in which the third country adequately addressed the national security concerns, could also be exempted, Treasury said.
"U.S. investors will need to engage in more extensive due diligence when making investments in China or investments involving Chinese companies that operate in the covered sectors," she said.
Persons:
Joe Biden, Investment Security Paul Rosen, Laura Black, Akin Gump, Black, Treasury's
Organizations:
U.S . Treasury Department, Investment Security, Treasury, Treasury Department, U.S
Locations:
Europe, United States, Binzhou, East China's Shandong province, China, U.S, Macao, Hong Kong, Washington