Three Senate Democrats, including Senate Banking Committee ranking member Elizabeth Warren, D-Mass., have asked the Treasury Department whether it has exempted its Office of Terrorism and Financial Intelligence (TFI) from the Trump administration’s hiring freeze to ensure TFI can continue to carry out its national security mission.
The U.S. government’s approach to export controls is flawed because it's based on outdated assumptions about China's technological prowess, a witness told the House Foreign Affairs Committee at a closed-door roundtable Feb. 12.
Rep. Andrew Clyde, R-Ga., introduced two joint resolutions of disapproval Feb. 12 that would overturn a pair of rules developed by the Financial Crimes Enforcement Network.
Rep. Stephanie Bice, R-Okla., introduced a bill Feb. 11 that would encourage states to enact laws barring “foreign adversaries” such as China and Russia from buying farmland within their jurisdictions.
Sen. Dan Sullivan, R-Alaska, introduced a bill Feb. 12 that would increase sanctions on Iran's energy sector to deprive Tehran of revenue it uses to fund terrorism.
The U.S. should gradually ease sanctions on Syria to help the war-torn country rebuild, but the lifting of many of those restrictions should be linked to whether Syria’s new leaders live up to their promise to break from their extremist past, two researchers told the Senate Foreign Relations Committee Feb. 13.
Although the new administration appears to be gearing up to build on U.S. outbound investment restrictions against China, President Donald Trump’s affinity toward dealmaking means that tighter rules aren’t a guarantee, an analyst said. Other analysts said the U.S. will face challenges trying to convince its allies in Asia, including Japan and South Korea, to also impose restrictions on outbound deals in China.
President Donald Trump has nominated John Hurley to be undersecretary of the treasury for terrorism and financial crimes and Thomas DiNanno to be undersecretary of state for arms control and international security, the White House told the Senate Feb. 11.
President Donald Trump has nominated congressional staffer Landon Heid to be assistant secretary of commerce for export administration at the Bureau of Industry and Security, the White House told the Senate Feb. 11.
Senate Banking Committee Chairman Tim Scott, R-S.C., introduced a bill on Feb. 11 to give companies more time to comply with the ownership reporting requirements of the Corporate Transparency Act (CTA). The Protect Small Businesses From Excessive Paperwork Act, which has 10 co-sponsors, would extend the filing deadline in the CTA-mandated beneficial ownership information (BOI) rule by a year, to Jan. 1, 2026. The House unanimously passed the legislation Feb. 10 (see 2502110032).