Rep. Mike Gallagher, R-Wis., chairman of the House Select Committee on China, announced Feb. 10 that he won't run for re-election this year. Gallagher said it is time for him to return to private life after serving four terms in the House. As the committee's top Republican, Gallagher led probes on a range of China trade issues, including a report in December that called on the U.S. to impose stronger export controls against China (see 2312120050) and revoke the country's permanent normal trade relations status (see 2312120004).
Rep. Mike Gallagher, R-Wis., chairman of the House Select Committee on China, said Feb. 10 that he welcomes news that United Arab Emirates-based artificial intelligence firm Group 42 Holdings (G42) has sold its stake in Chinese companies.
Sen. Kevin Cramer, R-N.D., introduced a bill Feb. 8 that would require the Committee on Foreign Investment in the U.S. to respond to a state governor who asks whether a proposed transaction would trigger a CFIUS review.
The Biden administration’s review of criteria for approving liquefied natural gas (LNG) export applications is expected to take “months, not years,” a senior Energy Department official said last week.
Hesai Technology, the largest Chinese lidar company by sales, plans to sue the Pentagon for adding it to a list of companies with ties to China’s military (see 2402010018), the company announced Feb. 8. Hesai was added to the list “without any explanation or justification,” CEO Yifan Li said, calling the U.S. decision “unjust, capricious, and meritless.”
The Bureau of Industry and Security is seeking comments, due by April 9, on an information collection related to a request for appointment of a technical advisory committee. The collection describes the functions and responsibilities of the Commerce Department TACs, which "advise the government on proposed revisions to export control lists, licensing procedures, assessments of the foreign availability of controlled products, and export control regulations.”
A task force created by the House Foreign Affairs Committee has released a report proposing a series of changes to speed up the delay-prone Foreign Military Sales (FMS) process.
An investigation by the House Select Committee on China found that five U.S. venture capital firms have invested more than $3 billion in Chinese technology companies, many of which aid China’s military, surveillance apparatus and human rights violations, the committee said on Feb. 8.
The Treasury Department is likely to release its draft outbound investment regulations in the next several months, setting them up to potentially take effect before year's end, said foreign investment lawyer Jonathan Gafni of Linklaters.
U.S. priorities during the World Trade Organization's upcoming 13th Ministerial Conference should center on extending the moratorium on e-commerce duties and advancing the second wave of talks on curbing harmful fisheries subsidies, witnesses said at a Feb. 7 hearing of the House Ways and Means Subcommittee on Trade.