According to Reauters, the administration of President Joe Biden (Joe Biden) plans to approve the entry into force of the Trump-era law aimed at Chinese technology companies, which are believed to pose a threat to the United States, despite objections from many American enterprises.
The interim final rules were introduced in the final days of the Trump administration. It was aimed at solving problems related to the supply chain of information and communication technologies. Then it was announced that the new rule will take effect after a 60-day public comment period. It was revealed on Friday that the Commerce Department will continue to accept public comments on the rule until March 22, when it takes effect.
Reliable information and communication technologies and services are essential to our national and economic security and remain a top priority for the Biden administration.
A source
The US Chamber of Commerce and major industry groups expressed concern in a letter to the Commerce Department in January that the interim rule gives it “almost unlimited power to intervene in virtually any business dealings between US companies and their foreign partners that involve technologies. There is virtually no due process, accountability, transparency or coordination with other government programs. ”
Business Roundtable, a group representing top US executives, previously said the proposal “does not work for American businesses in its current form.”
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