House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, and Senate Foreign Relations Committee Ranking Member Jim Risch, R-Idaho, called on the Biden administration April 30 to revoke its new arms transfer policy, saying it duplicates human rights safeguards in existing law.
The Aerospace Industries Association (AIA) intends to provide “detailed feedback” to the State Department to help it improve proposed regulations that would exempt Australia and the U.K. from International Traffic in Arms Regulations under the Australia-U.K.-U.S. (AUKUS) Enhanced Trilateral Security Partnership, the head of the industry group said May 1.
The Treasury and State departments announced May 1 that they are sanctioning more than 280 entities and people in Russia and third countries for helping Moscow sustain its military industrial base during its war against Ukraine.
The Bureau of Industry and Security is developing a list of frequently asked questions (FAQ) to explain its new license exception authorizing certain exports of medical devices to Russia, it was revealed at an April 30 meeting of the agency’s Regulations and Procedures Technical Advisory Committee (RPTAC).
Trade lawyers said that recent legislation expanding the statute of limitations on sanctions violations from five to 10 years comes with clear expectations: costlier and longer sanctions investigations.
Sens. Elizabeth Warren, D-Mass., and Roger Marshall, R-Kan., urged the Biden administration April 29 to counter Russia’s use of cryptocurrency to evade U.S. financial sanctions and buy high-tech weaponry for its war against Ukraine.
A "snapshot" report just released by the Government Accountability Office reminded Congress that the GAO has studied -- and made recommendations -- on many aspects of how to manage economic competition with China, including providing more resources to the Committee on Foreign Investment in the United States, improving information sharing with companies to keep more counterfeits out of U.S. commerce, and improving the tariff exclusions process for steel and aluminum imports.
The European Commission and Canada on April 26 proposed new rules to help small and medium-sized enterprises take advantage of the investment dispute resolution mechanism under the EU-Canada Comprehensive Economic and Trade Agreement, the commission's Directorate-General for Trade announced.
Sen. Marco Rubio, R-Fla., and Rep. Elise Stefanik, R-N.Y., urged the Commerce Department last week to immediately revoke all export licenses to China’s Huawei, saying the Bureau of Industry and Security is allowing a foreign adversary's company to obtain too much advanced U.S. technology.
Rep. Maxine Waters, D-Calif., ranking member of the House Financial Services Committee, and four Democratic senators urged the U.S. Court of Appeals for the 11th Circuit to reverse a district court judge’s ruling that the Corporate Transparency Act (CTA) is unconstitutional.