Two House members from Illinois urged the Committee on Foreign Investment in the U.S. last week to review a Chinese firm’s recently announced acquisition of a grain terminal in Cahokia, Illinois.
The Bureau of Industry and Security denied, revoked or didn't take action on about one-third of all license applications involving Chinese companies on the Entity List between 2018 and 2023, according to a snapshot of licensing data released by BIS July 2.
The chairwoman of the House Foreign Affairs Subcommittee on the Western Hemisphere told a State Department official last week that she’s concerned the Biden administration plans to remove Cuba from the state sponsors of terrorism list.
The Biden administration is aggressively using export controls and sanctions against China, despite a lawmaker’s claims to the contrary, a State Department official told a congressional panel June 27.
Sen. Rick Scott, R-Fla., introduced a package of three bills aimed at reducing U.S. investment in China. The legislation would “ensure that no American dollars will end up in the hands of a country actively working against America in an attempt to undermine our national security,” Scott said.
Rep. Ann Wagner, R-Mo., said June 26 that she is seeking Senate sponsorship of her House-passed bill that would codify sanctions against foreign persons who undermine the agreement that ended the Bosnian War.
Senior U.S. sanctions and export control officials recently warned a group of American CEOs to do more due diligence on their semiconductor shipments, telling them Chinese suppliers are frequently sending their products to Russia.
The House Appropriations Committee unveiled an FY 2025 Transportation, Housing and Urban Development Appropriations Act bill June 26 that would provide $43 million for the Federal Maritime Commission, about $5.5 million below the Biden administration’s request but up $3 million from the FY 2024 appropriated level.
The Committee on Foreign Investment in the U.S. has approved the $2 billion sale of Vista Outdoor’s Kinetic Group business, formerly Sporting Products, to Czechoslovak Group (CSG), the buyer and seller announced June 25.
The Biden administration hopes that new export controls and sanctions against Russia's war machine suppliers, including China, will spur Beijing to rethink its support for Moscow’s invasion of Ukraine, a State Department official said June 26.