U.S. Treasury proposes expanding tech investment curbs to North Korea
Briefing by News4U · First published
The U.S. Treasury Department proposed expanding outbound investment restrictions on sensitive technologies to include North Korea, Russia, Iran and Cuba.
Yonhap Business reported that the U.S. Treasury Department proposed expanding the Outbound Investment Security Program to cover North Korea, Russia, Iran and Cuba, in addition to China, Hong Kong and Macau, to prevent adversaries from using U.S. capital to develop advanced military capabilities. [1]
The proposed rules, to be published in the Federal Register on Thursday, would prohibit certain U.S. investments in semiconductors, microelectronics, AI, quantum technologies, high-performance computing and supercomputing, while requiring notification for others. [1]
Treasury Secretary Scott Bessent said the regulations would strengthen the program to protect U.S. national security. Public comments are due by Dec. 7, with final rules expected later. [1]
Sources
- U.S. Treasury Department proposes expanding tech investment restrictions to N. Korea
Yonhap Business · · Full text