Sens. Ted Cruz, R-Texas, and Pete Ricketts, R-Neb., welcomed the Trump administration’s decision to rescind and replace the Biden administration’s AI diffusion rule (see 2505070039), while House Select Committee on China Chairman John Moolenaar, R-Mich., offered a more guarded response.
Six Senate Democrats -- led by Banking Committee ranking member Elizabeth Warren of Massachusetts and Foreign Relations Committee ranking member Jeanne Shaheen of New Hampshire -- urged the Trump administration May 5 to increase sanctions on Russia to pressure Moscow to end its war on Ukraine.
The Trump administration needs a “bit more time” to review a congressional proposal to restrict U.S. outbound investment in China, Treasury Secretary Scott Bessent said May 7.
The House of Representatives passed several sanctions bills late May 5, including one aimed at officials who undermine democracy in the Republic of Georgia (see 2501070037).
The Senate Banking Committee voted 14-10 largely along party lines May 6 to approve John Hurley to be undersecretary of the treasury for terrorism and financial crimes, sending his nomination to the full Senate for its consideration.
The Senate Banking Committee voted 13-11 along party lines May 6 to approve Landon Heid to be assistant secretary of commerce for export administration, sending his nomination to the full Senate for consideration.
Real estate developer Charles Kushner, President Donald Trump’s nominee to be U.S. ambassador to France, said May 1 that he would encourage the French government to reimpose sanctions on Iran for violating its nuclear-weapons-related obligations.
During a closed-door meeting with U.S. lawmakers May 1, Nvidia Chief Executive Officer Jensen Huang reiterated his opposition to the Bureau of Industry and Security’s recent AI diffusion rule, the company said.
The Trump administration wants Congress to increase funding for the Bureau of Industry and Security by $132 million or 77% in FY 2026 to prevent sensitive U.S. technology from falling into the wrong hands, a senior administration official said May 2.
A bill aimed at revitalizing the American maritime sector includes a provision that would require the Commerce and State Departments to study ways to reduce export controls and International Traffic in Arms Regulations on foreign-owned companies that wish to invest in the U.S. shipbuilding industry.