If an American venture capital firm, for instance, is investing in a Chinese artificial intelligence company that has ties to the Chinese military, a technology transfer that is associated with that deal that included some kind of intellectual property or sensitive blueprints or services or procedural know-how, none of that escapes the jurisdiction of these export controls because it is part of an investment deal.
Toomey emphasizes that export controls apply to technology transfers in investment deals with China.
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Congress can and should offer a sensible approach for the domestic regulation of these activities.
If Congress is serious, if we are serious about the threats that face us, regardless of the politics, it must be similarly serious about supporting American innovation.
As I've said before, Government, and especially this Administration, have often been the problem, not the solution, when it comes to housing.
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