Sen. Tom Cotton, R-Ark., reintroduced a bill Jan. 23 to sanction entities and people that pay Palestinian terrorists and their families for attacks against Israelis. The measure, which was referred to the Senate Banking Committee, also would sanction financial institutions that facilitate such payments. Rep. Mike Lawler, R-N.Y., is expected to introduce companion legislation in the House. The bill was previously introduced in both chambers in July, in the previous Congress (see 2407260039).
Reps. Young Kim, R-Calif., and Jim McGovern, D-Mass., introduced a bill Jan. 24 that could lead to the sanctioning of Hong Kong officials for human rights violations.
The House Foreign Affairs Committee plans to take up a State Department authorization bill “sometime after” the August congressional recess, committee Chairman Brian Mast, R-Fla., said Jan. 23.
Companies that send tips about possible sanctions breaches to the new U.K. Office of Trade Sanctions Implementation won’t necessarily be notified if their tips lead to an enforcement action, the agency said in new guidance last week.
The Office of Foreign Assets Control on Jan. 24 officially removed sanctions from all people and entities designated under a sanctions authority that had targeted violent Israeli settlers and organizations in the West Bank (see 2501210023). OFAC “removed the West Bank-Related Sanctions program from its website and removed all persons designated under” the West Bank-related executive order 14115, signed by President Joe Biden last year (see 2402010053), from its Specially Designated Nationals and Blocked Persons List. “All property and interests in property blocked under E.O. 14115 are unblocked,” OFAC said.
A former top Commerce Department adviser in the Biden administration expects President Donald Trump and Congress to continue prioritizing export controls and other trade restrictions, although he said the government’s success partly depends on whether the administration can craft a clear, coordinated economic security strategy that doesn’t only rely on tariffs.
Sen. Bill Hagerty, R-Tenn., will chair the Senate Banking Subcommittee on National Security and International Trade and Finance in the new 119th Congress, the full committee announced Jan. 23. Sen. Andy Kim, D-N.J., will be ranking member of the subcommittee, whose jurisdiction includes export controls and the International Trade Administration. The subcommittee also will include Sens. Pete Ricketts, R-Neb.; Jim Banks, R-Ind., Dave McCormick, R-Pa., Chris Van Hollen, D-Md., and Catherine Cortez Masto, D-Nev.
Rep. Brad Sherman, D-Calif., said Jan. 22 that he plans to reintroduce a bill to prohibit Americans from owning the publicly traded securities of U.S.-sanctioned companies. Sherman made his comment about the People's Republic of China Military and Human Rights Capital Markets Sanctions Act during the House Financial Services Committee’s organizational meeting for the new 119th Congress. Sherman previously introduced the bill in March 2024 (see 2409270021).
Rep. Elise Stefanik, R-N.Y., President Donald Trump’s choice for U.S. ambassador to the United Nations, said Jan. 21 that she would favor reimposing sanctions on Iran for violating its nuclear weapons-related obligations.
The Australian Sanctions Office recently published a risk assessment tool to help companies evaluate the “sanctions risks” of a transaction or other activity, including whether the company should investigate further, obtain legal advice, apply for a license or abandon the deal. The tool covers activities with sanctioned parties, deals involving export- or import-controlled goods, the provision of sanctioned services and more.