Tag: outbound_investment_security_program
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Treasury Proposes Rule to Implement COINS Act Outbound Investment Curbs
Treasury issues a proposed rule to implement the COINS Act, requiring notifications and bans on certain U.S. outbound investments in strategic technologies, and adds biotechnology to the covered sectors.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyTradeArtificial IntelligenceLegal U.S. Department of the TreasuryOutbound Investment Security ProgramCOINS ActScott Bessentsemiconductor technologiesbiotechnologynational securityUS Treasury
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Treasury Issues First Penalty Under Outbound Investment Security Program, Fining Amidi $200,000
Treasury fined Amidi, LLC $200,000 for failing to notify it of a controlled foreign entity's $92,478 investment in Chinese AI firm Noematrix, the first civil penalty under the Outbound Investment Security Program.
Politics and GovernmentBusinessScience & TechnologyUSAChinaFederal GovernmentEconomyArtificial IntelligenceLegalTrade Outbound Investment Security ProgramU.S. Department of the TreasuryAmidi, LLCNoematrixScott BessentChristopher PilkertonUS Treasury