Biden Administration Issues Long-Anticipated Executive Order Restricting U.S. Investment in Chinese Tech

On August 9, 2023, the Biden administration issued its long-anticipated executive order (E.O.) that will prohibit, or impose notification requirements on, U.S. investment in a targeted set of advanced technology sectors in the People’s Republic of China (PRC) deemed to pose national security risks. The E.O. finally took shape after an almost two-year discussion and negotiation in Washington over the scope and implementation of the outbound investment restrictions….
By: Venable LLP
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Long-Awaited Executive Order Targets U.S. Outbound Investment in China

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