Mexican President Andres Manuel Lopez Obrador, at a joint press conference with President Joe Biden and Canadian Prime Minister Justin Trudeau, said that the three countries are "creating a joint committee aimed at planning and substituting imports in North America so that we may try to be increasingly self-sufficient in this part of the world and to turn development cooperation into a reality, as well as the well-being of all the countries of our continent. We want that to be a reality."
Foreign companies in the critical minerals sector should expect to see increased investment review scrutiny among the U.S. government and its allies, Holland & Knight said in a January client alert. The firm pointed to the Biden administration’s September executive order outlining priorities for the Committee on Foreign Investment in the U.S. (see 2209150053) -- as well as “enhanced” review policies by Australia and Canada -- as signs that critical mineral supply chains are receiving extra government attention.
The Bureau of Industry and Security issued a 180-day temporary denial order Dec. 13 against three people and two companies for illegally sending controlled exports to Russia as part of a Moscow-led sanctions evasion scheme. Along with the denial order, DOJ indicted the three individuals, along with others, on charges related to the illegal exports, including money laundering, wire fraud, bank fraud and conspiring to defraud the U.S.
Members of the House of Representatives voted 365-65 on the second day of the session to create a Select Committee on China. The committee, which will be led by Rep. Mike Gallagher, R-Wis., will be bipartisan.
TikTok isn’t a national security threat and shouldn’t be subject to a government ban, the Georgia Institute of Technology’s Internet Governance Project said in a report this week. The group said all “evidence indicates that TikTok is a commercially motivated enterprise and not a tool of the Chinese state,” adding that the app isn’t “exporting censorship” and the personal data it collects “is very similar to the data collected by its peer competitors.”
Rep. Jason Smith, R-Mo., was chosen to be the House Ways and Means Committee chairman by the House Steering Committee, edging out Rep. Vern Buchanan, the Florida Republican who was considered the establishment choice.
The Treasury Department plans to meet with “third-party compliance providers” to discuss “current and future” mitigation requirements involving the Committee on Foreign Investment in the U.S., the agency recently posted on its CFIUS landing page. Treasury’s Office of Investment Security said it “will be soliciting” meetings with specific third-party providers. Providers who aren’t solicited but want to discuss mitigation can contact Treasury’s CFIUS Mitigation & Enforcement office at CFIUS@treasury.gov. A Treasury spokesperson didn’t provide more information.
Senate Finance Committee Chairman Ron Wyden, D-Ore., asked the Biden administration to offer more general licenses to Cuban small businesses so they can avoid the sanctions on Cuba. Wyden, who visited Cuba in late December, said he'll be talking with Senate colleagues about how to help the Cuban private sector grow. He said in a Jan. 4 press release that a stronger private sector could both lay the foundations for "fundamental political and economic reforms" in Cuba and reduce Cuban migration to the U.S. -- which was nearly 250,000 in 2022.
For the first time in 100 years, the House of Representatives was unable to choose a speaker on the first vote. Because 19 Republicans this week voted for someone other than Rep. Kevin McCarthy, R-Calif., no candidate got a majority of the votes. The same result happened on the second vote.
Rep. Steve Scalise, the House Majority Leader-elect, told his colleagues in a Dec. 30 letter that he plans to bring 11 pieces of legislation for a vote during the first two weeks of the 118th Congress, including a bill that would establish a Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.