A July proposal to add nearly 60 military bases to the jurisdiction of the Committee on Foreign Investment in the U.S. (see 2407090003) shows that sensitive real estate issues are “top of mind” for the committee, said Matt Miller, an executive with data discovery firm HaystackID.
Sen. Ted Cruz, R-Texas, ranking member of the Senate Commerce Committee, asked the Biden administration July 22 to provide a briefing on its efforts to find out how parts made by U.S. companies are ending up in Iranian-made drones.
The Biden administration should seek to remove trade barriers that are making it difficult for American producers of liquor and liquefied natural gas (LNG) to export their products to India, a member of Congress said July 23.
The House of Representatives approved by voice vote on July 22 a bill that would create an interagency working group to conduct research and develop legislative and regulatory proposals to counter sanctions evasion, terrorism financing and money laundering on digital platforms.
Stopping U.S. firms from participating in RISC-V, an open-source semiconductor architecture that policymakers fear China will use to evade export controls, would only hurt American innovation and competitiveness, the Information Technology and Innovation Foundation said this month.
The Committee on Foreign Investment in the U.S. saw a spike in enforcement activity in 2023, fining four parties for breaching mitigation agreements and investigating several others for failing to comply with CFIUS mandatory filing requirements, the committee said in an annual report released July 23.
The Biden administration opposes the House version of the FY 2025 Financial Services and General Government Appropriations Bill, partly because it could hurt the Treasury Department's ability to implement upcoming outbound investment restrictions (see 2405080039), the White House said July 22.
Congress should get on with passing long-standing legislation on China sanctions and outbound investment, two Republican senators said during a panel discussion at the Aspen Security Forum in Colorado last week.
Sen. Martin Heinrich, D-N.M., introduced legislation last week aimed at modernizing the Bureau of Industry and Security’s aging information technology systems.
The leaders of the House Select Committee on China and the Congressional-Executive Commission on China urged the Biden administration July 17 to sanction 28 Hong Kong government officials for recent efforts to dismantle the Chinese territory's autonomy and stifle political dissent.