White House Renews National Emergency for Outbound Investment Restrictions
President Joe Biden this week renewed a national emergency declared last year that authorized the Treasury Department to impose investment restrictions on certain U.S. investments in countries of concern. The emergency was renewed for one year beyond Aug. 9. Treasury…
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is in the process of drafting regulations to govern American investments in certain sensitive technology sectors in mainland China, Hong Kong and Macau (see 2406210034 and 2408050038).