WSJ report

WSJ report

The Biden administration will give the Commerce Department the ability to ban technology-related business transactions that it determines pose a national-security threat, part of an effort to secure US supply chains, according to the WSJ.

This was a Trump administration rule that never went into effect. Companies who could be effected thought it would be delayed, according to the report. Instead, Biden is trying to send a strong message to China.

The caveat:

One person familiar with the matter said administration officials have signaled to the business community that they won't enforce the rule aggressively.

The move will undoubtedly add red tape to doing business with China and would apply "to technology transactions involving critical US infrastructure, networks and satellite operations, large data hosting operations, widely used internet connectivity software, and technology used in advanced computing, drones, autonomous systems or advanced robotics, according to the draft rule."