This May 4, 2021 photo shows the US Treasury Building in Washington, US. (PHOTO / AP)

The Treasury Department is preparing a new program that could prohibit US investment in certain sectors of some countries, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper.

The report given to lawmakers did not identify any countries, according to the report.

The Biden administration's work on the new rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence, the WSJ reported quoting people familiar with the matter as saying.

The Treasury and Commerce departments expected to finalize their policy in the near future, it added.