Sens. Sheldon Whitehouse, D-R.I., and Chuck Grassley, R-Iowa, asked the Treasury Department on March 10 to provide the legal basis for its decision to exclude U.S. citizens and companies from implementation of the Corporate Transparency Act.
The Treasury Department included its Office of Terrorism and Financial Intelligence (TFI) in the Trump administration’s hiring freeze but is now considering giving it relief from the pause due to its national security role, the department told lawmakers.
A House Republican proposal to pass a temporary government spending measure, or continuing resolution (CR), for the rest of FY 2025 would prevent Congress from weighing in on export control policy, such as by opposing the easing of restrictions on Russia, according to a memo released March 8 by Senate Appropriations Committee ranking member Patty Murray, D-Wash.
House Select Committee on China Chairman John Moolenaar, R-Mich., asked the Bureau of Industry and Security to brief his panel on how it's restricting China’s access to U.S. university supercomputers.
The House Financial Services Committee unanimously approved several bills March 5 dealing with foreign investment and sanctions.
Deputy Treasury Secretary nominee Michael Faulkender said March 6 he wants to study whether changes should be made to the Biden administration’s October 2024 rule restricting outbound investment in China (see 2410280043).
The Senate Banking Committee voted 13-11 along party lines March 6 to approve Washington trade lawyer Jeffrey Kessler to be undersecretary of commerce for industry and security, sending his nomination to the full Senate for its consideration.
The U.S. should establish “some kind of new unit in our government” to focus on competing with China, a researcher told the House Homeland Security Committee March 5.
Nearly 90 Republican lawmakers urged the Commerce Department March 5 to rescind a Biden administration interim final rule (IFR) restricting firearms exports, saying the controls hurt American businesses.
Sen. Mark Warner, D-Va., a senior member of the Senate Banking Committee, said March 4 he’s concerned that the recent departure of key personnel at the Bureau of Industry and Security could impede the agency’s ability to prevent China from obtaining sensitive U.S. technology.