Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.

Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.

Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.

A new Senate bill would add USDA to the Committee on Foreign Investment in the U.S. and broaden disclosure requirements for land purchases by foreign entities. The Security and Oversight of International Landholdings Act, set to be introduced by Sen. James Lankford, R-Okla., will “provide oversight and transparency of purchases of U.S. agricultural land that threaten national security,” the lawmaker said this month, and will require CFIUS reviews of “agriculture real estate purchases by certain foreign entities.” Other lawmakers also have proposed adding the agriculture secretary to CFIUS (see 2106010003).

A potential provision in the bipartisan China package (see 2207120049) that would create an outbound investment screening mechanism received more opposition (see 2206280051 and 2201140038) this week, including from lawmakers on the Senate Banking Committee and former U.S. investment screening officials. While opponents of the provision say some form of outbound screening may eventually be necessary to further restrict sensitive technology transfers to China, they also said the current wording is too broad and leaves too many questions unanswered.

A bipartisan group of senators last week introduced a bill that could place new controls on certain exports of U.S. personal data to foreign companies and governments. The Protecting Americans’ Data From Foreign Surveillance Act would require the Commerce Department, along with other agencies, to identify “categories of personal data” that could harm U.S. national security if they were exported, and to place export restrictions on those items.

There isn’t a “coherent” strategy among the various bills in Congress to address international technology competition, said Jon Bateman, a technology policy expert with the Carnegie Endowment for International Peace. Bateman, speaking during a June 23 event hosted by Foreign Policy magazine, said the lack of coherence isn’t “altogether surprising, partly because the government is “classically plagued with coherence problems.”

Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching the title or by clicking on the hyperlinked reference number.

Paul Rosen, President Joe Biden's nominee to head the Treasury Department’s foreign investment screening efforts (see 2203090015), said he will continue to prioritize U.S. reviews of China-related transactions and wants to better encourage companies to submit voluntary filings. If confirmed, Rosen also said, he will focus on helping allies bolster their own investment screening regimes.

Companies are increasingly choosing to voluntarily file with the Committee on Foreign Investment in the U.S. to avoid being caught up in CFIUS’s non-notified transaction process, CFIUS lawyers and experts said. That trend, combined with faster CFIUS clearances, could mean an increase in CFIUS filings this year, they said.