U.S. defense companies plan to closely monitor the implementation of the International Traffic in Arms Regulations (ITAR) exemption for Australia and the U.K. to ensure it meets its promise of reducing licensing burdens for defense trade, industry representatives told a congressional panel last week.
An investigation by the House Select Committee on China found that U.S. financial institutions facilitated the investment of $6.5 billion last year in 63 Chinese companies that the U.S. government has “blacklisted or otherwise red-flagged” for advancing China’s military capabilities or supporting its human rights abuses, the committee said April 18.
Senate Commerce Committee Chair Maria Cantwell, D-Wash., announced late April 17 that she supports a newly modified House proposal that would ban TikTok in the U.S. unless China’s ByteDance divested the popular social media application.
Although all members of the House Ways and Means Committee supported a bill renewing the Generalized System of Preferences benefits program, the bill proceeded to the House floor on a split bipartisan vote of 17-24 as Democrats unsuccessfully called to include an extension of the Trade Adjustment Assistance for Workers program, which lapsed in 2022.
After October's deadline passed without an agreement between the U.S. and the EU on a global trade deal for steel and aluminum (see 2404040034), talks are still ongoing, the European Commission’s top trade official said during a news conference April 18.
House Foreign Affairs Committee Chairman Rep. Michael McCaul, R-Texas, and three other House Republicans urged the State Department on April 17 to permanently stop waiving sanctions for certain types of nuclear cooperation with Iran.
The two top lawmakers on the House Select Committee on China on April 16 asked the State Department to “intensify and elevate its global diplomatic efforts” to ensure the EU passes an agreement to ban imports of goods made with forced labor.
U.S. Trade Representative Katherine Tai gave testimony April 17 to the Senate Finance Committee regarding President Joe Biden’s 2024 trade policy agenda. She touched mainly on trade deal enforcement, U.S. exporters’ access to new markets and the USTR’s new stance on digital trade, though she also discussed issues such as forced labor and the upcoming legislation on the Generalized System of Preferences benefits program.
The Senate Foreign Relations Committee on April 16 approved a bill that would extend the U.S. government’s authority to impose sanctions on the Nicaraguan regime through the end of 2028. The Restoring Sovereignty and Human Rights in Nicaragua Act also would expand sanctions to include Nicaraguan officials responsible for human rights violations against religious believers, and it would direct the State Department to enforce sectoral sanctions.
The full House and the Senate Foreign Relations Committee each approved several Iran sanctions bills this week, reflecting increasing congressional concern about Tehran's behavior.