House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., has urged newly installed Treasury Secretary Scott Bessent to follow through on his pledge to increase sanctions on Russia over its war in Ukraine.
The Trump administration’s foreign aid freeze will hamstring efforts by international organizations such as Conflict Armament Research (CAR) to detect sales of American technology to foreign "adversaries," including Iran, North Korea and Russia, Sen. Richard Blumenthal, D-Conn., said Feb. 4.
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The U.K. should mirror the enforcement practices of U.S. agencies by publicizing the details of sanctions and export control penalties, which would help British companies better comply with trade restrictions, industry officials and a researcher told U.K. lawmakers this week. The U.K. should sharply raise penalties on businesses that violate sanctions to convince industry to invest more heavily in trade compliance, the researcher said.
Paul Rosen, former assistant secretary for investment security at the Treasury Department, has joined Latham & Watkins as a partner in the Committee on Foreign Investment in the U.S. and national security practice, the firm announced. At Treasury, Rosen oversaw CFIUS and its investment screening and enforcement activities.
Rep. Chip Roy, R-Texas, reintroduced a bill Jan. 31 that would direct the State Department to designate four Mexican drug cartels as foreign terrorist organizations.
Companies should expect Trump administration to take an increasingly aggressive stance on China-related inbound and outbound investment restrictions, especially because of the makeup of President Donald Trump’s team and key Cabinet officials, a former Treasury Department official and trade consultant said.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., and Sen. Josh Hawley, R-Mo., urged the Commerce Department Feb. 3 to strengthen export controls following the recent “breakthrough development” of an advanced artificial intelligence model by Chinese startup DeepSeek.
Sen. John Curtis, R-Utah, reintroduced a bill Jan. 30 that would sanction Chinese individuals and entities that engage in a pattern of intellectual property theft from the U.S.
Congress could encourage greater use of sanctions by changing the reporting requirements it imposes on the executive branch, a think-tank leader told the Senate Foreign Relations Committee Jan. 30.