House and Senate negotiators have reached agreement on a final FY 2026 National Defense Authorization Act (NDAA) that includes legislation to limit U.S. outbound investment in China but omits a Senate proposal to restrict exports of advanced AI chips.
Casey Kirwan, a former senior official at the Office of Foreign Assets Control, left the agency last month to join TD Securities as a senior sanctions manager, he announced on LinkedIn. Kirwan had been with OFAC for nearly six years and was most recently the section chief for cyber and digital assets.
The State Department approved a potential $2.68 billion military sale to Canada for "Air Strike Weapons" and related equipment, the Defense Security Cooperation Agency said last week. The principal contractors will be Boeing and RTX.
The White House last week published its national security strategy, a 33-page document that outlines what the Trump administration views as America’s “principles,” "priorities" and “national interests.” It also describes a plan to deprioritize engagement with Europe and focus more heavily on the Western Hemisphere, while “ending the perception, and preventing the reality, of NATO as a perpetually expanding alliance.”
Taiwan has charged a local subsidiary of chip equipment manufacturer Tokyo Electron for failing to prevent in the alleged theft of sensitive semiconductor technology earlier this year.
Almost 75 House members, from both parties, asked the U.S. trade representative to hold Canada accountable for not meeting its dairy commitments under USMCA. The U.S. already brought two panels against Canada over the issue of its tariff rate quota administration, and while it won some arguments in the first dispute, Canada's fixes were ruled adequate in the second (see 2311240002).
The Committee on Foreign Investment in the U.S. is reviewing a Chinese company’s "deeply concerning" investment in Minnesota-based startup FastWave Medical, which is developing a new high-tech treatment for serious heart disease, Rep. Kat Cammack, R-Fla., disclosed Dec. 1.
The Trump administration’s recent decision to remove sanctions on former Serb Republic President Milorad Dodik was a “mistake” because it "prematurely" gave up “leverage” it needs to promote stability in the Western Balkans, a foreign policy expert told a congressional panel Dec. 2.
Reps. Max Miller, R-Ohio, and Jefferson Shreve, R-Ind., introduced a bill Dec. 1 that would broaden the authority of the Bureau of Industry and Security to place companies on its Entity List.
U.S. Trade Representative Jamieson Greer, speaking at a business event Dec. 4, said that the U.S. doesn't want to confront China in concert with allies right now.