House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., and Rep. Greg Murphy, R-N.C., urged the Treasury Department this week to expand the jurisdiction of the Committee on Foreign Investment in the U.S. to include land purchases near Coast Guard facilities, Energy Department national laboratories, maritime ports and critical energy and telecommunications infrastructure.
President Joe Biden formally directed his administration last week to implement several new sanctions-related laws, including one aimed at Iranian oil exports.
The next U.S. presidential administration will face a host of emerging technology issues in international trade, including advanced computing chips, artificial intelligence, cloud computing, data centers, quantum and telecommunications infrastructure, said Nazak Nikakhtar, a Wiley Rein partner and a former acting Bureau of Industry and Security undersecretary.
Congress should consider encouraging greater use of export controls and sanctions to counter a recent surge in the repression of political dissent abroad, hearing witnesses told the Senate Foreign Relations Committee last week.
The Biden administration is “developing additional potential sanctions” that it could impose on leaders of Sudan’s two warring parties if they continue to resist participating in peace talks, a State Department official said Sept. 11.
Sen. Bob Casey, D-Pa., introduced legislation this week that would limit American outbound investment in Chinese technology and give the Committee on Foreign Investment in the U.S. more power to police Chinese investment in the U.S.
U.S. computing chip manufacturers told a congressional panel this week that they’re increasing their scrutiny of products that have ended up in Russian weapons used in Ukraine.
The House approved several export control-related bills late Sept. 9, including the Remote Access Security Act, which is designed to close a loophole that has allowed China to use cloud service providers to access advanced U.S. computing chips remotely (see 2409040046).
U.S. computing chip manufacturers need to do more to stem the flow of their export-controlled products to Russia’s defense industrial base, Sen. Richard Blumenthal, D-Conn., said Sept. 10.
Four members of the House Financial Services Committee asked the Treasury Department last week for an update on the proposed acquisition of U.S. Steel by Japan-based Nippon Steel, saying they’re concerned the Biden administration’s review of the deal may have been improperly influenced by politics.