The Commerce Department's Bureau of Industry and Security would like to increase its funding by about $4 million for export administration (EA), the agency said in its Fiscal Year 2020 budget justification. That new money would be split between "Identifying and Reviewing Emerging Technologies" and "Addressing Increased Foreign Investment Reviews," it said. BIS is asking for funding for 21 new personnel, the agency said.
Hogan Lovells hired Anne Salladin, previously special counsel at Stroock & Stroock, as a partner in the firm's international trade practice, it said in a news release. "Salladin will advise clients on issues relating to international business and national security, particularly as they relate to the Committee on Foreign Investment in the United States (CFIUS)," Hogan Lovells said. Salladin was senior counsel in the Treasury Department's Office of Assistant General Counsel for International Affairs, "which provides legal advice to the Secretary of the Treasury as Chairperson of CFIUS," before joining the private sector, the law firm said.
The European Union is implementing new criteria for screening foreign investment in the EU that includes effects on critical technologies and dual-use items defined in EU export control regulations, it said in a notice issued March 21. The regulation mirrors U.S. Committee on Foreign Investment in the United States (CFIUS) requirements currently being implemented that relate to “emerging technologies” as defined in Bureau of Industry and Security export control regulations. Specific technologies named in the new EU regulation include artificial intelligence, robotics, semiconductors, cybersecurity, aerospace, defence, energy storage, quantum and nuclear technologies as well as nanotechnologies and biotechnologies.