Rep. Mike Gallagher, R-Wis., chairman of the House Select Committee on China, has urged the Commerce Department to consider placing the United Arab Emirates-based artificial intelligence firm Group 42 Holdings (G42) on the Bureau of Industry and Security’s Entity List, citing possible export control risks from the company’s work with China’s military, intelligence services and state-owned companies.
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/.
The Treasury Department’s Financial Crimes Enforcement Network should do a better job informing small businesses about its new beneficial ownership information reporting requirements (see 2401050023), Rep. Blaine Luetkemeyer, R-Mo., said in a Jan. 5 press release.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, urged the Biden administration to reinstate the Houthis’ designation as a Foreign Terrorist Organization, citing the Yemen-based group’s recent attacks on commercial ships in the Red Sea.
A congressional proposal to allow the Committee on Foreign Investment in the U.S. to reopen or alter previously mitigated transactions when national security risks have increased would discourage foreign investment in the United States, an expert at the Center for a New American Security said in written comments posted Jan. 4.
The Commerce Department announced on Jan. 4 that it has agreed to provide about $162 million to Microchip Technology under the Chips Act to nearly triple semiconductor production at the company’s facilities in Colorado Springs, Colorado, and Gresham, Oregon.
Rep. Nydia Velazquez, D-N.Y., has introduced a resolution aimed at improving U.S. relations with Latin America, including by ending all unilateral economic sanctions imposed on the region by executive order.
The leaders of the House Select Committee on China urged the Defense and Treasury departments on Jan. 4 to blacklist China-based Quectel Wireless Solutions, saying the manufacturer of Internet connectivity modules has troubling ties to the Chinese military.
International shipping companies are being forced to "reroute their vessels" around the Cape of Good Hope amid a rise in attacks by Yemen’s Houthi rebel group on ships transiting the Red Sea, "adding significant cost and weeks of delay to the delivery of goods," the U.S. and 12 other countries said in a joint statement Jan. 3 (see 2312200045). They said the Houthi attacks on ships are "jeopardizing the movement of critical food, fuel, and humanitarian assistance throughout the world."
The Committee on Foreign Investment in the U.S. is adding staff and becoming more active amid growing concern about China, Dechert said in a client alert.
Seven Republican senators led by Sen. Mike Lee of Utah introduced a bill this month aimed at countering the Commerce Department’s recent 90-day pause in issuing commercial firearms export licenses.