The Committee on Foreign Investment in the U.S. is adding staff and becoming more active amid growing concern about China, Dechert said in a client alert.
Four lawmakers are urging the State Department to sanction Chinese and Hong Kong officials who offered bounties for the arrests of five Hong Kong pro-democracy activists living abroad, including two in the United States.
U.S. Steel Corp. and Japan’s Nippon Steel Corp., which recently agreed to a merger, plan to ask the Committee on Foreign Investment in the U.S. to review their proposed deal, U.S. Steel said on Dec. 21.
At least seven Democratic and Republican lawmakers are urging the Committee on Foreign Investment in the U.S. to oppose or scrutinize the proposed acquisition of U.S. Steel Corp by Japan-based Nippon Steel Corp., saying the $14.9 billion deal raises serious economic and national security concerns.
The Biden administration should develop a comprehensive sanctions strategy targeting the leaders of Sudan’s warring parties and those that supply the belligerents with arms, the leaders of the Senate Foreign Relations Committee said Dec. 19.
A group of 15 House and Senate members wrote to Defense Secretary Lloyd Austin on Dec. 18 asking whether the Department of Defense played a role in approving the export of U.S. technology to Chinese drone manufacturer Da Jiang Innovations (DJI).
Four Republican leaders of the House Financial Services Committee on Dec. 18 urged the Biden administration to impose “comprehensive energy sanctions” on Russia, saying the existing price cap on Russian oil sales has failed to choke off revenue that Moscow uses to fund its war in Ukraine.
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The Census Bureau and the Bureau of Industry and Security have restarted work on their long-awaited routed export rule and hope to make more progress in the next year, said Gerry Horner, chief of the Census Trade Regulations Branch.
An industry advisory committee is planning to push the Bureau of Industry and Security to release guidance on how companies should be applying the agency’s various foreign direct product rules.