Two senators reintroduced a bill this month that would require the U.S. to conduct a study on the effects of foreign direct investment on the U.S. pharmaceuticals industry. The U.S. Pharmaceutical Supply Chain Review Act, reintroduced by Sens. Elizabeth Warren, D-Mass., and Marco Rubio, R-Fla., would require the Treasury Department to provide a report to Congress on how foreign direct investment “affects the nation's ability to produce drugs, as well as their key components.” It would also require a report about how foreign investment in “U.S. genome sequencing technologies affects domestic capacity to sequence or store DNA” and the number of transactions that the Committee on Foreign Investment in the U.S. has reviewed in the last year involving the “sequencing or storage of DNA.”
Export Compliance Daily is providing readers with the top stories for April 19-23 in case you missed them. You can find any article by searching on the title or by clicking on the hyperlinked reference number.
U.S. universities are opposing the Senate’s Strategic Competition Act of 2021 over a provision that would expand foreign investment screening to include foreign gifts over $1 million given to U.S. universities. In a letter to the Senate Foreign Relations Committee this month, four academic groups said the expanded jurisdiction awarded to the Committee on Foreign Investment in the U.S. would subject “many gifts” received by colleges to a CFIUS review and would make it “harder” for colleges to conduct research.
The United Nations Security Council on April 22 renewed the mandate of its committee monitoring nuclear, chemical and biological weapons. The committee, which oversees the implementation of U.N. efforts to prevent trade in dangerous weapons to nonstate actors, was extended until Feb. 28, 2022.
The Bureau of Industry and Security extended its comment period for an information collection related to a request for appointment of a technical advisory committee, it said in a notice released April 23. The collection describes the functions and responsibilities of the Commerce Department TACs, which help advise the government on proposed revisions to export controls, licensing procedures and more. The comments, originally due March 15 (see 2101130013), are now due 30 days after the notice is posted on the Office of Information and Regulatory Affairs website.
The U.S. should lead the charge to reopen the Environmental Goods Agreement in Geneva, House Ways and Means Republicans wrote April 22, on Earth Day. This follows a resolution introduced earlier in the month by four pro-trade Democrats calling for the same thing (see 2104080050).
The Census Bureau is unsure how much longer it needs to decide whether to eliminate export filing requirements for shipments to Puerto Rico, saying it is still reviewing public comments and speaking with industry officials, Puerto Rican researchers and other U.S. agencies that use the data. Perhaps most important, the agency remains unsure whether it can use alternative data sources to compensate for all the information that would no longer be collected if Census decides to nix the Electronic Export Information requirements, said Omari Wooden, a senior Census official.
The Senate Foreign Relations Committee passed a bill that would require President Joe Biden to determine whether certain companies are eligible for sanctions for helping to build the Nord Stream 2 pipeline (see 2104160022). The Ukraine Security Partnership Act, approved April 21, names Nord Stream 2 AG and 19 other companies, all of which could be designated under the Protecting Europe’s Energy Security Act. Sen. Cruz, R-Texas, introduced the provision as an amendment to the act. The measure will remove “any hope” from the companies that they can avoid accountability for working on the Russian gas project,” Cruz said in a statement. He also directed a tweet to companies involved in Nord Stream 2: "the United States knows who you are, and if you don't get out immediately you will be sanctioned.” The bill, which would also authorize Ukraine to receive “expedited excess defense article transfers” and calls for more U.S. support in the region, will now head to the Senate floor.
Clete Willems, a former Donald Trump administration trade staffer, told the Senate Finance Committee that technology sales to China help pay for research and development here, so as Congress considers how to bolster the semiconductor industry, it should also be sure not to put export controls on goods that are not sensitive.
The Commerce Department is open to establishing a national export strategy to help increase foreign market access for U.S. manufacturers, farmers, carmakers and other industries, Commerce Secretary Gina Raimondo said. Commerce, she said, has noticed a trend of “declining exports,” particularly for smaller companies, and wants to provide more support for U.S. exporters alongside efforts to boost domestic manufacturing in semiconductors and other critical goods (see 2103110047).