The US government can now track foreign investments without the usual privacy checks

The US Treasury Department just created a new system to track American investments in certain foreign countries. This system will not follow all federal privacy rules, meaning people cannot always see or correct their own data.

The US government is building a system to monitor American money going into certain foreign technologies. This rule means the government can collect information for this system without individuals having the usual rights to access or correct their own data. It makes it harder for people to know what information the government holds about their foreign investment activities.