President Biden has issued an executive order that prohibits certain entities from investing in US organizations if it will give the investor access to certain information technologies and/or US data.
It's catchily titled the Order on Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States. Or OERCENSRCFIUS for short, if you want to work it into song lyrics.
The Committee (CFIUS) is already required to consider whether inbound investments come from a nation "that has a demonstrated or declared strategic goal of acquiring a type of critical technology or critical infrastructure that would affect United States leadership in areas related to national security."
The executive order adds a requirement to consider investments in "microelectronics, artificial intelligence, biotechnology and biomanufacturing, quantum computing, advanced clean energy, and climate adaptation technologies" to make sure they don't threaten national security.
US bans some foreign investments in chips, AI, quantum tech
Not aimed specifically at China … just nations that behave a lot like China
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