Treasury proposes expanded rule curbing U.S. tech investment in China, Russia, others
The U.S. Treasury Department proposed a rule to tighten restrictions on American investments in high-tech sectors within China, Russia, North Korea, Cuba and Iran. The rule expands coverage to hypersonic systems, supercomputing, biotechnology and artificial intelligence (which Treasury labeled 'superintelligence'), building on a 2023 executive order and a December 2025 law that codified the outbound investment screening program.
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The expanded rule signals Washington's intent to monitor and limit capital flows that could strengthen adversaries' military capabilities, according to Craig Singleton of the Foundation for Defense of Democracies. Its inclusion of Russia comes just after Trump waived sanctions tied to a diesel deal with Putin, which could complicate how consistently the restrictions are applied. Lawyer Jason Chipman suggests the rule will add compliance burdens for investors navigating these new restrictions.
- Treasury's proposed rule expands outbound investment restrictions to hypersonic tech, supercomputing, biotech and AI/'superintelligence.'
- The policy builds on a 2023 Biden executive order and a December 2025 law expanding covered countries to include Cuba, Iran, North Korea and Russia.
- Russia's inclusion follows Trump's recent sanctions waiver tied to a diesel deal with Putin, raising questions about enforcement consistency.
Source: fastcompany.com, 2026-10-23
Published there as: “The U.S. Treasury wants expanded restrictions on high-tech investments to these ‘countries of concern’”
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