FILE - The Treasury Building is viewed in Washington, May 4, 2021. The Treasury Department has fleshed out its proposed rule that would restrict and monitor U.S. investments in China for artificial intelligence, computer chips and quantum computing. The proposed rule, released Friday, June 21, 2024, stems from President Joe Biden’s August 2023 executive order regarding the access that “countries of concern” have to American dollars funding advanced technologies that the U.S.
Treasury Deputy Secretary Wally Adeyemo said the U.S. “will continue to pursue those who seek to finance Iran’s destabilizing terrorist activities. We continue to work with allies and partners, as well as the global financial industry, to increase vigilance against the movement of funds supporting terrorism.
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