The Treasury Department announced October 7, 2026 that in July 2026 it issued its first civil penalty under the Outbound Investment Security Program (OISP). It penalized Amidi, LLC $200,000 for failing to submit a required notification of an investment by its controlled foreign entity into a Chinese embodied artificial intelligence company.
Treasury says that on April 19, 2025, Amidi’s subsidiary, a Chinese fund, invested about $92,478 in Shanghai Qiongche Intelligent Technology Company Limited (Noematrix), a private Chinese company developing AI, robotics and embodied intelligence. Amidi is also the parent of the organization that does business as Plug and Play Tech Center.
The OISP took effect January 2, 2025. It requires notification of certain investments, and prohibits others, by U.S. persons in entities connected to China, Hong Kong and Macau engaged in certain activities in quantum computing, artificial intelligence and related areas. Treasury said it found the transaction through its regular compliance and market monitoring. It also noted that Congress passed the Comprehensive Outbound Investment National Security Act of 2025 on December 18, 2025, which will expand the program to more countries and technology sectors.