Yellen Says Outbound Restrictions Would Focus On Semis, Quantum, AI

The transcript discusses the delay in implementing an outbound executive order proposed by Jake Sullivan two years ago. The focus is on outbound investment controls that complement existing export controls to prevent technology transfer to China, targeting sectors like semiconductors, quantum computing, and AI. The controls are narrowly targeted and not intended to broadly affect U.S. investments in China. The administration is working on details and plans to release a notice of proposed rulemaking for public input before finalizing the controls.

What was the primary reason for the delay in implementing the outbound executive order?

• Opposition from Chinese counterparts

• Need for careful consideration of investment controls

• Insufficient technology to enforce the order

• Lack of interest from the administration

Which sectors are the proposed investment controls specifically targeting?

• Tourism, hospitality, and retail

• Agriculture, mining, and construction

• Semiconductors, quantum computing, and artificial intelligence

• Automobile, textiles, and pharmaceuticals

How would the proposed controls affect U.S. investments in China?

• They would encourage more investments

• They would broadly restrict all investments

• They would have no impact on investments

• They would narrowly target specific sectors

What is the administration's plan to gather public input on the proposed controls?

• Releasing a survey to the general public

• Holding a public referendum

• Issuing a notice of proposed rulemaking

• Conducting private meetings with stakeholders

What is the main focus of the proposed outbound investment controls?

• Economic growth

• National security

• Environmental protection

• Cultural exchange