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While there is still no timetable for issuing a long-expected executive order restricting U.S. outbound investments in sensitive sectors to China, a senior Treasury official said the administration is focused on a "narrow and tailored" approach in establishing such a screening mechanism.
Speaking before a Senate Banking Committee hearing on Wednesday, Paul Rosen, who oversees investment security at the Treasury Department, said officials are working on screening investment from the United States that "comes with know-how and expertise to certain specific sectors and subsectors, such as advanced semiconductors, artificial intelligence and quantum computing."
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