 The US has no proposal for, or precedent since the 1930s of, a general cap on individuals moving money abroad. Recent measures are a 1% cash-remittance tax and narrow targeting rules, not prohibitions, and only 76 days remain before close.

Chinese foreign exchange rules cap the maximum amount of yuan individuals are allowed to convert into other currencies at approximately $50,000 each year and restrict them from transferring yuan abroad directly without prior approval from the State Administration of Foreign Exchange. Will something comparable happen to America by 2027?

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