The Biden administration believes it has struck the right balance in managing technology trade with competitors such as China, White House National Security Adviser Jake Sullivan said Oct. 23.
Marc Selinger
Marc Selinger, Assistant Editor, is the congressional reporter for Export Compliance Daily, which he joined in December 2023. He previously wrote for a variety of defense publications, highlights of which included covering the Paris and Farnborough (UK) air shows and touring the Israeli defense industry. His first full-time journalism job involved reporting on local government, schools and police news for a community newspaper in Michigan. He is on X at @marcselinger and on LinkedIn at https://www.linkedin.com/in/marc-selinger-315089173/.
With the United States and the EU both preparing to increase their scrutiny of outbound investment, the two parties should closely coordinate their efforts to achieve the best possible outcome, a Germany-based researcher said Oct. 22.
Rep. Gary Palmer, R-Ala., introduced legislation last week that would block a new Treasury Department rule that would make investment advisers subject to anti-money laundering and counter-terrorism financing requirements.
House Foreign Relations Committee Chairman Michael McCaul, R-Texas, urged the Biden administration Oct. 18 to give the Treasury and State departments additional resources, including personnel, to speed up implementation of the new sanctions authorities that were enacted into law almost six months ago.
Ten Republican lawmakers asked the Treasury Department Oct. 17 to explain why the Committee on Foreign Investment in the U.S. has apparently declined to review and block Chinese electric vehicle battery maker Gotion from building a plant near a military base in Michigan.
Republican presidential candidate Donald Trump is likely to react “more negatively and more directly” than his Democratic rival, Vice President Kamala Harris, to the EU’s plan to start taxing carbon-intensive imports, a former U.S. trade official said Oct. 17.
The leaders of the House Select Committee on China urged the Commerce Department Oct. 16 to restrict exports of U.S.-made semiconductor manufacturing equipment (SME) to Huawei's “clandestine network” of companies.
House Financial Services Committee Chairman Patrick McHenry, R-N.C., asked the Government Accountability Office Oct. 15 to determine whether the Financial Crimes Enforcement Network is adequately securing the information it collects through its new beneficial ownership information (BOI) reporting rule.
The Bureau of Industry and Security appears to be making good on its pledge to step up export control enforcement to protect sensitive American technology from China, two former U.S. government officials said Oct. 15.
A bipartisan group of seven senators led by Sen. Kyrsten Sinema, I-Ariz., urged the Biden administration last week to speed up implementation of new Iran sanctions laws, including a measure aimed at curbing the country’s oil revenue.