The Treasury Department should make sure its investment screening regulations don’t unfairly discriminate against foreigners and should do more to curb a rise in “xenophobic” U.S. state and federal land laws, nonprofits told the agency and the Committee on Foreign Investment in the U.S. They criticized several bills that could place new investment restrictions on people from “countries of concern,” including China and Iran, and said they’re concerned CFIUS may not have the resources to manage its expanding jurisdiction.
Federal Maritime Commissioner Carl Bentzel hopes to issue a final report later this year that will expand on ways carriers, ports, railroads and others can better share supply chain data and real-time shipping information, he said this week. Bentzel said he believes the government eventually should turn some of the report’s recommendations into new mandates, including one that would require carriers to provide shippers with live, in-transit updates on their cargo.
Senate Majority Whip Dick Durbin, D-Ill., plans this year to make another attempt to persuade Congress to pass legislation aimed at boosting U.S. exports to Africa, Latin America and the Caribbean, a spokesperson for the senator said Aug. 16.
Sen. Rick Scott, R-Fla., urged the Biden administration Aug. 16 to impose more sanctions on Venezuelan ruler Nicolas Maduro and his regime for refusing to concede he lost the country’s recent presidential election to opposition candidate Edmundo Gonzalez.
The Biden administration is pushing to implement the new Iran sanctions authorities that Congress approved four months ago, a National Security Council spokesperson said Aug. 15.
The Committee on Foreign Investment in the U.S. has levied nearly $70 million in penalties so far this year, including a $60 million fine against T-Mobile after the telecommunications company violated its national security agreement. The announcement, the first time CFIUS has named a company it has penalized, comes after the committee last year issued a record-setting four penalties (see 2407230017) and in April proposed expanding its enforcement powers (see 2404110037), underscoring its recent focus on punishing violators and increasing penalties.
The State Department on Aug. 15 submitted a determination to Congress that the Australia and U.K. export control systems are “comparable” to those of the U.S., clearing the way for both countries to potentially benefit from defense trade exemptions as part of the AUKUS partnership (see 2408070048). The agency said it plans to “shortly publish” an interim final rule to amend the International Traffic in Arms Regulations and implement that exemption, which will take effect Sept. 1.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, said Aug. 14 that the Biden administration should move more quickly to implement new Iran sanctions that Congress approved four months ago. “The only way to deter Iran and its proxies is through a clear display of strength and resolve," McCaul said in a statement.
The Defense Department will remove Hesai Technology, the largest Chinese lidar company by sales, from its list of Chinese companies that it said have ties to that country’s military (see 2402010018 and 2402090014), the Financial Times reported Aug. 13. The Pentagon made the decision to remove Hesai from the 1260H List after government lawyers expressed concerns about whether the listing would hold up in court, the report said. Hesai sued the agency over the listing in May. A Pentagon spokesperson didn’t respond to a request for comment.
Florida Sens. Marco Rubio and Rick Scott introduced a resolution this month opposing the removal of Cuba from the State Department’s state sponsors of terrorism list.