Rep. Kevin Brady of Texas, the top Republican on the House Ways and Means Committee, said that while what he called the "food fight between Democrats" is preventing legislation from moving this year, "this next year would be an opportune time to have a conversation about [Section 232 reform] in a bipartisan way." Brady, who was responding to a question during a call with reporters Oct. 6, said he'd like to be a part of that conversation about the use of national security tariffs and Congress's role in setting tariffs.
Jonathan Wakely was promoted to partner in Covington & Burling's practice on foreign investment and national security issues, with a focus on transactions before the Committee on Foreign Investment in the U.S., the firm said. Wakely regularly represents clients before CFIUS and other national security-related matters, the firm said.
The Committee on Foreign Investment in the U.S. needs significant revisions to fix its unbalanced, secretive reviews, which fail to hold member agencies accountable and are damaging the U.S. investment atmosphere, said Stephen Heifetz, a former CFIUS official. Heifetz said CFIUS may be unnecessarily driving away foreign investment with the threat of national security reviews, which can take more than a year to resolve and sometimes don’t provide reasonable justifications to the parties involved.
The Senate Banking Committee this week approved the nominations for two senior Bureau of Industry and Security officials but reached a tie vote on two other nominees slated to oversee the Treasury Department’s sanctions work.
A new bill with bipartisan support would authorize more U.S. sanctions against those responsible for the military coup and subsequent human rights abuses in Myanmar. The Burma Unified through Rigorous Military Accountability Act of 2021 also would require the State Department to designate an official to coordinate U.S. sanctions against Myanmar and push for more multilateral sanctions among allies.
The export control jurisdiction for exports of deuterium for non-nuclear end-uses will transfer from the Nuclear Regulatory Commission to the Bureau of Industry and Security, BIS said in notice. While those exports will be controlled under the Export Administration Regulations, BIS stressed that deuterium exports intended for nuclear end-uses will still be subject to the NRC’s export licensing jurisdiction. BIS has been considering the change, which will take effect Dec. 6, since at least June (see 2109240011).
The State Department should increase sanctions on President Daniel Ortega’s regime in Nicaragua and better coordinate with allies to pressure the country's government, a bipartisan group of 15 senators said in an Oct. 1 letter to Secretary of State Antony Blinken. The agency should specifically look to expand sanctions against senior government and military officials, including those operating the Instituto de Prevision Social Militar, the military’s investment fund, the senators said. If the Ortega regime doesn’t allow democratic change and stop its human rights violations, the U.S. should also push for a review of Nicaragua’s membership in the Dominican Republic-Central America Free Trade Agreement. “The Administration has powerful tools at its disposal,” said the senators, including Bob Menendez, D-N.J., chair of the Senate Foreign Relations Committee. “As you evaluate options, we encourage you to expand sanctions” on the regime. A State Department spokesperson said the U.S. "will continue to use the diplomatic and economic tools at our disposal to support Nicaraguans’ calls for greater freedom, accountability, and free and fair elections."
Sen. James Risch, R-Idaho, ranking member of the Senate Foreign Relations Committee, introduced a bill that would require the president to impose sanctions on members of the Taliban who support any terrorist group in Afghanistan, who engage in international narcotics trafficking, or who engage in "serious human rights abuses." The three requirements would begin 90 days after passage, the Sept, 27 bill says. Twenty-six Republican senators co-sponsored the bill.
The Biden administration plans to revisit its phase one trade deal with China and will continue closely scrutinizing Chinese investments that seek to acquire sensitive U.S. technologies, senior officials said this week. The officials, speaking about the U.S.’s monthslong review of its China trade relationship, said China hasn’t met its phase one purchase commitments and stressed that all of its trade tools “are on the table” as they look to enforce the deal.
The National Customs Brokers & Forwarders Association of America has brought on Lenny Feldman as its general counsel and Ashley Craig as its transportation and logistics counsel, it announced in an email. Feldman is a senior member of Sandler Travis who serves on the firm's operating committee; Craig is a partner at Venable working as co-chair of his firm's International Trade Group.