Two leaders of the U.S. Helsinki Commission, also known as the Commission on Security and Cooperation in Europe, said last week they welcome the Biden administration’s decision to move forward with giving Ukraine $20 billion in loans that will be repaid with interest generated from frozen Russian central bank assets.
Marc Selinger
Marc Selinger, Assistant Editor, is the congressional reporter for Export Compliance Daily, which he joined in December 2023. He previously wrote for a variety of defense publications, highlights of which included covering the Paris and Farnborough (UK) air shows and touring the Israeli defense industry. His first full-time journalism job involved reporting on local government, schools and police news for a community newspaper in Michigan. He is on X at @marcselinger and on LinkedIn at https://www.linkedin.com/in/marc-selinger-315089173/.
Sen. Elizabeth Warren, D-Mass., told DOJ this week that she believes its recent settlement with TD Bank does not go far enough to hold the financial firm and its leaders accountable for their lax adherence to anti-money laundering laws.
A bipartisan group of 18 House members called on French President Emmanuel Macron this week to reconsider his recent decision to halt arms deliveries to Israel. The lawmakers said the Jewish state needs allied support to defend itself.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, is “glad” the Biden administration is moving forward with a final rule that will restrict U.S. outbound investment in China’s AI, quantum and semiconductor sectors, a spokesperson for the committee’s majority said Oct. 30.
The Treasury Department's new final rule for outbound investment received mixed reviews from Congress this week.
The Senate’s proposed Georgian People’s Act will be modified “if needed” to ensure those responsible for “fraud and manipulation” in the country's recent parliamentary elections “are held accountable,” Sens. Jeanne Shaheen, D-N.H., and Jim Risch, R-Idaho, said in a joint statement this week.
After months of negotiations, House lawmakers remain hopeful they can reach a compromise on a bill to restrict outbound investment in China, House Financial Services Committee Chairman Rep. Patrick McHenry, R-N.C., said Oct. 25.
House Oversight Committee Chairman Rep. James Comer, R-Ky., and two other Republican lawmakers asked the Energy Department this week to clarify the status of its study on liquefied natural gas exports.
While the Biden and Trump administrations both frequently imposed financial sanctions and export controls on China, the Biden administration has made greater use of two key tools: the Treasury Department’s Specially Designated Nationals and Blocked Persons List and the Commerce Department’s Entity List. That's according to a new report by the Center for a New American Security (CNAS).
The Biden administration believes it has struck the right balance in managing technology trade with competitors such as China, White House National Security Adviser Jake Sullivan said Oct. 23.