Deals & regulation
Treasury proposes broader limits and reporting rules for outbound investment in strategic technologies
The Treasury Department proposed regulations implementing the COINS Act, expanding the U.S. outbound-investment program. The proposal would require notifications for some transactions and prohibit others involving covered foreign persons and sensitive technologies, including artificial intelligence, semiconductors, quantum information, high-performance computing, hypersonics and biotechnology. It also outlines definitions, exceptions, diligence expectations and penalties. The rules are not final: Treasury is soliciting comments and will later issue implementing regulations that establish the program’s effective date.
Editorial summary · Publisher article
What matters
- The proposal covers five statutory technology areas and adds biotechnology.
- Some transactions would require notification, while others would be prohibited.
- Treasury is seeking comments before issuing final regulations and an effective date.
What the proposal covers
The NPRM addresses covered foreign persons, transaction categories, technical product specifications, exceptions, confidential submissions and the knowledge standard for U.S. investors.
Why this made the edition
A substantive proposed regulatory action with clear implications for U.S. investment in strategic technologies, including AI, semiconductors, quantum computing, supercomputing, hypersonics and biotechnology.
Source material