Patrick Toomey actually said...

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.

Context

Toomey emphasizes that export controls apply to technology transfers in investment deals with China.

07/13/2022

https://www.congress.gov...

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