(Reuters) – The U.S. Treasury Department is preparing a new plan that could bar the U.S. investment in certain sectors of the country.
The Wall Street Journal said the Biden administration’s work on the new rules would actually primarily deal with U.S. investment in China, although the report to lawmakers did not name any countries.
The new rules are expected to cover private equity and venture capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence, the Wall Street Journal said, citing people familiar with the matter.
It added that the Treasury and Commerce Ministries are expected to finalize their policies in the near future.
Reuters reported last month that the Biden administration was planning an outright ban on investment in some Chinese technology companies and increased scrutiny of others.
The US passed a sweeping set of regulations last year aimed at hampering China’s semiconductor industry.
