The Biden administration is planning on implementing a regulation that first surfaced back during the term of the former President Donald Trump. The rule targets Chinese tech firms that are designated as a threat to the US.
According to a Reuters report, the news arrives despite the objections from US based businesses. During the final days of the Trump administration, the US Commerce Department had issued an interim final rule that aimed at addressing information and communications technology supply chain concerns. The department had said that this rule would become effective after a 60 day period of public comment.
As per a spokesperson of the department, the agency would be accepting a public comment on the rule until 22nd March 2021, which is also when it would go into effect. In the statement, it was said that “Trustworthy information and communications technology and services are essential to our national and economic security and remains a top priority for the Biden Harris administration.”
However, the U.S. Chamber of Commerce and groups that represent major industries stated in a letter that this interim rule gave the agency “nearly unlimited authority to intervene in virtually any commercial transaction between U.S. companies and their foreign counterparts that involves technology, with little to no due process, accountability, transparency, or coordination with other government programs.”
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