- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-10-22T14:37:00
The Department of Justice has proposed a new rule that would regulate the use of Americans’ personal information by foreign companies and foreign persons in six “countries of concern,” including China and Russia.
The notice of proposed rulemaking would prohibit and restrict the sale of private data to those nations, to try and blunt their efforts to use it for espionage, coercion, influence, blackmail and other cyber-enabled activities.
In addition to Russia and China (and Hong Kong and Macau), the other nations included in the rule were Cuba, Iran, North Korea and Venezuela.
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The U.S. Treasury Department has issued a final rule–and created a new division to oversee it–that will attempt to limit outbound investments to China related to sensitive technologies with military applications.
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