STAND with Taiwan Act of 2024, Section 11 ("Prohibition on investments by United States financial institutions that benefit the Government of the People's Republic of China or the Chinese Communist Party")

• Authority: United States Congress
• Parent authority: Federal government
• Jurisdiction: United States
• Collections: U.S. federal laws
• Most recent activity: Defunct
• Most recent activity date: 2025-01-03

Risk subdomain coverage

Minimal coverage — Brief mention but no specific mitigations, recommendations or governance measures relating to the risk subdomain are described.

• Disinformation, surveillance, and influence at scale
• Competitive dynamics

All other risk subdomains had no coverage in this document.

Risk Coverage Summary

The document has minimal coverage of AI risk domains, with limited focus on competitive dynamics (6.4) and governance failure (6.5). The document primarily addresses investment restrictions rather than AI-specific risks, with only implicit connections to broader AI governance concerns through its prohibition of investments in AI-related sectors.

Sector coverage

Good coverage — Comprehensive governance measures or mitigations with clear procedures relating to the sector are explicitly described.

• Finance & Insurance

Minimal coverage — Brief mention but no specific mitigations, recommendations or governance measures relating to the sector are described.

• Agriculture, Mining, Construction & Manufacturing
• Trade, Transportation & Utilities
• Information
• Scientific Research & Development Services
• Health Care & Social Assistance
• National Security

All other sectors had no coverage in this document.

Sectors Summary

The document primarily governs the Finance and Insurance sector by restricting U.S. financial institutions from making investments in Chinese government-controlled entities and specific industrial sectors. It indirectly affects multiple other sectors including Agriculture, Information, Manufacturing, and others through investment prohibitions.

Legislative Status

Hard Law

Legislative Status Summary

This is a binding legislative instrument from the United States Congress with mandatory enforcement mechanisms, penalties, and clear legal obligations on U.S. financial institutions.

Actors

Proposer

• Entity Types: AI_Governance_Actor
• Entities: United States Congress
• Summary: The document is identified as legislation from the United States Congress, specifically Section 11 of the STAND with Taiwan Act of 2024, indicating Congress as the proposing authority.

Target

• Entity Types: AI_Infrastructure_Provider
• Entities: United States financial institutions; investment companies; private equity companies; venture capital companies; hedge funds
• Summary: The document explicitly targets U.S. financial institutions, including investment companies, private equity, venture capital, and hedge funds that are U.S. persons, prohibiting them from making certain investments.

Enforcer

• Entity Types: AI_Governance_Actor
• Entities: Secretary of the Treasury
• Summary: The Secretary of the Treasury is explicitly designated as the enforcement authority responsible for prohibiting investments by U.S. financial institutions.

Monitor

• Entity Types: AI_Governance_Actor
• Entities: Secretary of the Treasury
• Summary: While not explicitly stated as a monitoring role, the Secretary of the Treasury's enforcement authority implicitly includes monitoring compliance with the investment prohibitions.

AI Lifecycle Stages

Lifecycle stages covered by the documents, as defined in the OECD Framework for the Classification of AI Systems

• Plan and Design
• Build and Use Model

AI Lifecycle Summary

The document does not directly address AI lifecycle stages as it focuses on investment restrictions rather than AI development or deployment processes. However, it indirectly relates to the 'Plan and Design' and 'Build and Use Model' stages by restricting financial support for AI development in specified sectors.

Technical Scope

Terms relating to technical scope that are mentioned or implicitly referenced in the document

No technical scope terms identified.

Technical Scope Summary

The document explicitly mentions artificial intelligence, machine learning, and robotics as prohibited investment sectors. It does not define AI models or systems, nor does it mention frontier AI, general purpose AI, foundation models, or compute thresholds. The focus is on sector-based investment restrictions rather than technical AI specifications.