FACT SHEET: Addressing U.S. Investments in Certain National Security Technologies and Products in Countries of Concern
October 28, 2024
The Biden-Harris Administration is committed to protecting the national security of the United States. As part of this effort, the Administration is taking steps to address the risks posed by U.S. investments in certain national security technologies and products in countries of concern.
These countries include those that:
- Pose a threat to U.S. national security or interests.
- Are subject to U.S. sanctions or other restrictions.
- Have a poor track record of protecting human rights or intellectual property.
The Administration is concerned that U.S. investments in these countries could:
- Provide support to authoritarian regimes.
- Undermine U.S. sanctions and other restrictions.
- Facilitate the proliferation of sensitive technologies.
- Harm U.S. national security and economic interests.
To address these risks, the Administration is taking the following steps:
- Issuing new guidance to U.S. companies on investing in countries of concern. This guidance will help companies understand the risks associated with investing in these countries and will provide recommendations for mitigating those risks.
- Working with other countries to develop international standards for investing in national security technologies and products. These standards will help to ensure that U.S. companies are not disadvantaged by unfair competition from companies in other countries.
- Enhancing enforcement of U.S. laws and regulations that prohibit the export of sensitive technologies to countries of concern. This will help to prevent the proliferation of these technologies and will protect U.S. national security.
The Administration’s actions are designed to protect the national security of the United States while also ensuring that U.S. companies have fair access to global markets. The Administration is committed to working with other countries to develop a global framework for investing in national security technologies and products that is fair, transparent, and beneficial to all.
For more information, please visit the White House website.
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
The White House a new article on 2024-10-28 21:00 titled “FACT SHEET: Addressing U.S. Investments in Certain National Security Technologies and Products in Countries of Concern”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
29