The US Government has embarked on a broad and sustained campaign aimed at blocking China’s access to advanced US technologies and countering efforts to compromise sensitive government information and defense systems. We are struck by the scope and momentum of this campaign – unlike any seen in our professional lifetimes – and the associated expansion of federal regulatory authority. In this paper, we discuss key policy and regulatory developments in recent months and the potential consequences for a range of industry sectors and business activities. We conclude that companies should take a fresh, hard look at their compliance and diligence functions, and their dealings with Chinese or other foreign entities, to address the increased risks resulting from these changes.
