Sen. James Lankford, R-Okla., announced March 17 that he has reintroduced a bill to require the Committee on Foreign Investment in the U.S. to review agricultural land purchases by certain foreign entities, including those from China and Russia. The Security and Oversight for International Landholdings Act also would broaden disclosure requirements for foreign purchases of U.S. farmland. The bill, which Lankford originally introduced in the last Congress, was referred to the Senate Agriculture Committee.
The congressionally mandated National Security Commission on Emerging Biotechnology is expected to include recommendations on export control policy in its upcoming report to Congress, a Commerce Department official said March 18.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Rep. Brandon Gill, R-Texas, introduced a bill March 14 that would subject foreign buyers of U.S. farmland to the same restrictions that their home countries impose on Americans.
The Washington International Trade Association announced that Nasim Fussell is the new chair of its board of directors. Steve Lamar of the American Apparel and Footwear Association, who had been the WITA board’s chair since 2004, will remain on as a board member. Fussell leads the trade practice at lobbying firm Lot Sixteen. She was previously chief international trade counsel for the Senate Finance Committee and, before that, trade counsel for the House Ways and Means Committee.
When the Financial Crimes Enforcement Network revises a rule implementing the Corporate Transparency Act (CTA), it will aim to ensure the regulations are “appropriately tailored to advance the public interest,” a Treasury Department official told lawmakers last week.
The Senate Finance Committee voted 14-13 along party lines March 14 to approve Michael Faulkender as deputy treasury secretary, sending his nomination to the full Senate for its consideration. The vote came eight days after Faulkender testified before the committee on his nomination (see 2503060069). Faulkender was assistant treasury secretary for economic policy during the first Trump administration.
A bipartisan group of nine lawmakers urged the State Department on March 12 to increase sanctions, including financial restrictions, on Bosnian Serb Republic President Milorad Dodik and his “enablers” for continuing to promote secession from Bosnia and Herzegovina.
U.S. ambassador to Japan nominee George Glass said March 13 that he would seek to ensure Japan follows through on its commitment to ramp up its purchase of U.S. liquefied natural gas to reduce its trade deficit with the U.S. and its reliance on Russia.
Rep. Keith Self, R-Texas, reintroduced a bill March 10 aimed at giving Congress more oversight over administration actions to ease sanctions on Iran.