United States of America: Closed consultation on Executive Order addressing US investments in certain national security technologies and products in countries of concern including registration requirements

On 23 September 2023, the public consultation closed on the Executive Order (EO) that empowers the US Treasury Secretary to curtail or forbid US investments in Chinese entities operating within three specific sectors: semiconductors and microelectronics, quantum information technologies, and artificial intelligence systems. The primary objective of this order is to protect against the employment of American capital and expertise in advancing China's technologies that could potentially enhance its military capabilities, thereby jeopardising US national security. The order will entail proscribing certain transactions while also necessitating that investors notify the government of their intentions regarding other transactions.