U.S. Trade Representative Katherine Tai will testify on the administration's trade policy agenda next week, appearing May 12 at 9:30 a.m. before the Senate Finance Committee and May 13 at 10 a.m. before the House Ways and Means Committee.
The Biden administration will likely build on the U.S.’s recently revised investment screening regulations by expanding the list of countries that qualify as excepted foreign states, trade lawyers said. The Committee on Foreign Investment in the U.S. currently only recognizes Australia, Canada and the United Kingdom as excepted states (see 2002270049) -- a designation that reduces the likelihood that CFIUS will heavily intervene in deals from those countries -- but could soon also recognize Japan, said Richard Sofield, a Wiley Rein trade lawyer.
Angela Ellard, chief Republican trade counsel on the House Ways and Means Committee, will be one of the four deputy directors-general at the World Trade Organization, Director-General Ngozi Okonjo-Iweala announced May 4. Ellard has served on the committee staff since 1995.
Latham & Watkins hired Damara Chambers, previously with Vinson & Elkins, as a partner in the Litigation & Trial Department and a member of the White Collar Defense & Investigations practice, Latham said in a news release. “Chambers is a leading lawyer who focuses on cross-border investment matters, including national security reviews by the Committee on Foreign Investment in the United States (CFIUS), the Defense Counterintelligence and Security Agency (DCSA), and the Department of Energy, among other agencies,” the firm said.
The top Republican on the House Foreign Affairs Committee urged Commerce Secretary Gina Raimondo to address the agency’s “incomplete” implementation of its emerging and foundational technology export control mandate when she testifies before the House this week. Raimondo -- who will testify May 6 before the House Appropriations Subcommittee on Commerce, Justice and Science -- should also address Commerce’s search for a Bureau of Industry and Security leader and outline the agency's export controls strategy to compete with China, said Rep. Michael McCaul, R-Texas.
Forwarders are seeing a rise in maximum penalties issued by CBP for violations surrounding ocean shipments that occurred over a year ago, National Customs Brokers & Forwarders Association of America officials said. Joe Brogan, the chair of NCBFAA’s export compliance subcommittee, said CBP officers are increasingly digging up old violations where forwarders submitted incorrect transportation-related information, such as the date of export or the port of export, and have levied penalties higher than $14,000 for a “single occurrence.”
President Joe Biden has made his choices for several senior positions at Treasury, including the agency’s top sanctions and foreign investment officials, Bloomberg reported April 30. Biden will nominate attorney Brian Nelson to be undersecretary of the Terrorism and Financial Intelligence office, which oversees the Office of Foreign Assets Control, and attorney Josh Berman to be assistant secretary overseeing Treasury’s work on the Committee on Foreign Investment in the U.S., according to the report.
Semiconductor industry officials are preparing to push for export control modernization over certain electronics on the Commerce Control List, which they say will help controls avoid unintended consequences on U.S. companies and more accurately reflect national security concerns. The effort, led by the Semiconductor Industry Association, will look to convince the Bureau of Industry and Security to update certain control parameters and definitions, and make technical changes in Category 3 of the CCL, which officials view as out of date.
U.S. Trade Representative Katherine Tai heard many bipartisan complaints about the pain of both Section 301 tariffs and Europe's retaliatory tariffs in response to steel tariffs, but stood her ground on both during a hearing in front of a Senate Appropriations subcommittee responsible for funding the Office of the U.S. Trade Representative.
The Bureau of Industry and Security is looking for candidates for its seven Technical Advisory Committees, the agency said in an April 27 notice. BIS said it will choose candidates from firms producing a “broad range of items currently controlled for national security, nonproliferation, foreign policy, and short supply reasons or that are proposed for such controls,” and will look to balance its TAC membership with officials from large and small firms. TAC members serve terms of “not more than four consecutive years” and must obtain “secret-level clearances” before they’re appointed. Applicants should send a resume to Yvette.Springer@bis.doc.gov by Sept. 30.