US TREA­SURY IS­SUES NEW FOR­EIGN IN­VEST­MENT RULES

USA TODAY International Edition - - MONEY -

The Trea­sury De­part­ment is­sued new rules Wed­nes­day on for­eign in­vest­ments into Amer­i­can com­pa­nies that will give the gov­ern­ment more power to block for­eign trans­ac­tions on na­tional se­cu­rity grounds. The rules, which rep­re­sent the lat­est es­ca­la­tion in an in­ten­si­fy­ing eco­nomic con­flict be­tween the U.S. and China, will im­ple­ment a pro­gram for tougher re­views of for­eign ac­qui­si­tions that Congress ap­proved this sum­mer. Any deals that would give the for­eign in­vestors ac­cess to crit­i­cal tech­nol­ogy cov­er­ing 27 in­dus­tries – semi­con­duc­tors, telecom­mu­ni­ca­tions and de­fense in­cluded – must be alerted to a Trea­sury-led in­ter­a­gency com­mit­tee.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.