McCaul Says New Chip Controls Have Too Many Loopholes
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, on Dec. 3 criticized the Biden administration’s new export controls on advanced computing chips and chipmaking equipment, saying they leave too many loopholes that Chinese companies can exploit to obtain American technology…
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and modernize China’s military. McCaul said he plans to work with the incoming Trump administration to close those loopholes. McCaul made his comments a day after the Bureau of Industry and Security unveiled the new restrictions (see 2412020016).