U.S. trade policy toward China should concentrate on protecting advanced technology, as opposed to completely decoupling from the Communist country, former Secretary of State Mike Pompeo said Jan. 30.
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/.
Two House committee chairs have urged the Biden administration to place export restrictions and sanctions on four “highly troubling” Chinese companies that are slated to provide software and other technology to a planned electric vehicle battery factory in the U.S.
The Biden administration’s proposal to impose new restrictions on U.S. investment in certain Chinese technology sectors is a complex undertaking that will be difficult to implement, a former Treasury Department official said on Jan. 30.
Several lawmakers urged the Biden administration to reimpose sanctions on Venezuela after the country’s supreme court barred opposition leader Maria Corina Machado from this year’s presidential election.
Sens. Mike Braun, R-Ind., and Jon Tester, D-Mont., on Jan. 25 introduced a bill aimed at improving the tracking of foreign investment in U.S. farmland.
Sen. J.D. Vance, R-Ohio, urged the Committee on Foreign Investment in the U.S. to investigate the proposed sale of Vista Outdoor’s Sporting Products business to Czechoslovak Group (CSG), saying the transaction could endanger national security by transferring an American manufacturer of firearms ammunition to a “Kremlin-linked” foreign company.
Four Democratic lawmakers, including Sen. Elizabeth Warren of Massachusetts, sent Commerce Secretary Gina Raimondo a series of recommendations for strengthening firearms export controls, Warren’s office said Jan. 24.
The Senate Foreign Relations Committee on Jan. 24 approved a bill that would authorize the government to seize about $5 billion in frozen Russian central bank assets in the U.S. to help pay for rebuilding Ukraine.
The leaders of the Senate Homeland Security and Governmental Affairs Subcommittee on Emerging Threats and Spending Oversight have asked the Government Accountability Office to assess the effectiveness of new export controls aimed at preventing China from obtaining advanced computing chips and the equipment to manufacture them.
A 2022 Bureau of Industry and Security policy change has continued to lead to improved Chinese cooperation with BIS end-use checks, an agency official said Jan. 23.