President Joe Biden issued a new executive order to expand existing U.S. sanctions authorities against Belarus and issued a host of new designations targeting the country’s government for last year’s “fraudulent” presidential elections. The Aug. 9 order authorizes sanctions against a broad range of government officials, oligarchs, entities and private companies, including those operating in Belarus’ defense, energy, security, potassium chloride, transportation and construction sectors. Sanctions are also authorized against people or entities with links to “public corruption” in Belarus or transactions deemed to be “deceptive or structured” to evade U.S. sanctions on behalf of the Belarusian government.
U.S. Trade Representative Katherine Tai told Washington state farmers Aug. 5 that she wants to make sure agricultural exporters "can bring your products to new markets and new customers," and that she is holding trading partners accountable for their commitments, such as improved dairy access in Canada and opening Mexico to American fresh potato exports. Tai was visiting the district of Rep. Suzan DelBene, a Democratic leader for free trade and a House Ways and Means Committee member. This followed a similar visit last month to Rep. Ron Kind's district in Wisconsin, where she had the same message to farmers. Kind, too, is a prominent Democrat supporting free trade and a Ways and Means member. In June, Tai visited Flint, Michigan, home to Rep. Dan Kildee, a Ways and Means Democrat who always talks about how trade devastated manufacturing workers in Flint. She heard from workers who told her how trade had affected them.
A group of House Republicans called on the Commerce Department to add Chinese smartphone maker Honor Device Co. Ltd. to the Entity List and asked for a briefing with the agency’s End-User Review Committee to ensure the administration is “moving with enough speed” on export controls. Because Huawei sold Honor Device Co., the company can access technology that “should be restricted,” the lawmakers said in an Aug. 6 letter to Commerce Secretary Gina Raimondo.
The U.S. needs to expand export and investment restrictions to prevent China from acquiring advanced semiconductor equipment and other sensitive technologies, former national security officials told Congress this week. One official specifically said the Commerce Department’s Bureau of Industry and Security should impose export controls more actively. Another said the Committee on Foreign Investment in the U.S. needs more resources.
The semiconductor industry urged the House to pass a bill it said will help boost U.S. chip research and innovation. The National Institute of Standards and Technology for the Future Act, passed by the House Science, Space and Technology Committee last month, would “maintain and build on U.S. science and technology leadership” by providing more funding for research at NIST, the Semiconductor Industry Association said Aug. 3 “The U.S. semiconductor industry relies on foundational research at NIST and other federal research agencies to help create the technologies of the future,” SIA President John Neuffer said in a statement. “We call on all House members to approve this important legislation.” SIA also continued to urge Congress to fund the CHIPS for America Act (see 2107220006).
Himamauli Das, a former Treasury Department and National Security Council official, will serve as the new acting director of the Financial Crimes Enforcement Network, the agency announced Aug. 3. Das will take over from acting director Michael Mosier, who plans to leave the agency at the end of the week. Treasury also said it officially began its search for a permanent FinCEN director.
Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai discussed export promotion and other trade issues during the inaugural Industry Trade Advisory Committee meeting Aug. 2, Commerce said in a readout. The two officials outlined President Joe Biden’s export agenda to ITAC members and committed to “removing barriers to trade, developing an inclusive and sustainable growth strategy, and using the private sector’s expertise to enforce existing trade agreements.”
Trade Promotion Authority, colloquially known as "fast track," expired in July, and the Republicans on the House Ways and Means Committee are asking the Biden administration to talk to Congress about bringing TPA back. "Like you, we believe that with the right global trading rules in place, American workers and businesses not only can compete in the global economy -- they can win. And like you, we agree that the wrong thing to do in the face of these challenges 'is to put our heads in the sand and say no more trade deals,'" they wrote, quoting an essay by Joe Biden published in 2020.
Measures this year by the United Kingdom, Germany and Canada to boost their foreign investment screening regimes will likely improve their standing with the Committee on Foreign Investment in the U.S. and could catapult Germany into CFIUS’s group of excepted foreign states, observers said. Although Germany could become an excepted state, each country has tightened its screening tools to further scrutinize certain foreign direct investments, which will likely lead to more investment hurdles for their respective industries.
Sen. Bob Menendez, the top Democrat on the Senate Foreign Relations Committee, applauded the Biden administration’s recent sanctions against the Cuban government and said he believes more are coming. Menendez, D-N.J., said the U.S. should impose more sanctions under the Global Magnitsky Act for human rights violations, similar to the Treasury Department’s July 22 designations of Cuba’s defense minister and a defense agency (see 2107220055). “Secretary [Antony] Blinken has made clear the Administration will continue holding human rights abusers accountable,” Menendez said July 28. “I urge the Administration to consider additional Global Magnitsky designations.”