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

On 6 August 2024, the United States President adopted a notice on continuation of the Executive Order addressing US investments in certain national security technologies and products in countries of concern (EO 14105), including registration requirements. The national emergency declared in EO 14105 will continue for an additional year. It was previously set to expire on 9 August 2024. The EO 14105 t 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 adversaries's technologies that could potentially enhance their 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.