Four Republican leaders of the House Financial Services Committee on Dec. 18 urged the Biden administration to impose “comprehensive energy sanctions” on Russia, saying the existing price cap on Russian oil sales has failed to choke off revenue that Moscow uses to fund its war in Ukraine.
Five Republican senators sent a letter to Secretary of State Antony Blinken urging him to re-designate the Houthis as a Foreign Terrorist Organization and as Specially Designated Global Terrorists, citing the Yemen-based group’s recent attacks in the region.
If U.S. policymakers become tempted to use sanctions to prevent a potential conflict with China, they should expect to face a wide range of challenges in wielding such economic tools, speakers said at a Dec. 15 event hosted by the Center for a New American Security.
The Treasury Department is preparing a response to questions it received from Congress about some of the money Iran has received through recent U.S. sanctions waivers, a Treasury official said Dec. 13.
The House Foreign Affairs Committee on Dec. 13 advanced several bills that would revise U.S. export control regulations and procedures for dual-use technology.
The Biden administration’s recent decision to remove China’s Institute of Forensic Science (IFS) from the Entity List has led the Chinese government to become more helpful, at least initially, in stemming the flow of illegal fentanyl drugs to the U.S., Bureau of Industry and Security officials said.
Congress should require the Biden administration to strengthen export controls against China and give it new tools to restrict a broader range of inbound and outbound investments, the House Select Committee on China said in a Dec. 12 report.
Sen. Dan Sullivan, R-Alaska, is urging Congress to revisit legislation that would require U.S. firms to report outbound investments that could threaten American national security.
Four House Democrats introduced a bill aimed at curbing the flow of U.S. firearms to drug cartels, gangs and other violent groups in the Caribbean and Latin America.
The Bureau of Industry and Security needs to overhaul its export control policies to stem the flow of U.S. national security technology that is fueling China’s military modernization, House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, said in a report marking the end of a 90-day review of the agency (see 2210030068).