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.
Sen. Chris Van Hollen, D-Md., said March 4 that he plans to introduce legislation to address the Trump administration’s recent move to repeal a Biden administration policy linking arms transfers to human rights.
The Trump administration plans to build international support for using sanctions to counter Iran’s nuclear weapons program, deputy secretary of state nominee Christopher Landau said March 4.
The Treasury Department plans to modify its beneficial ownership information (BOI) reporting rule so that it applies only to foreign companies and not U.S. businesses, the agency announced March 2.
Jeffrey Kessler, President Donald Trump’s choice to lead the Bureau of Industry and Security (see 2502040059), said at his Senate nomination hearing Feb. 27 that he has reservations about the agency’s latest export controls on advanced artificial intelligence chips and wants to scrutinize them. He also testified that he plans to examine whether BIS needs more resources and a reorganization.
A new task force that the House Foreign Affairs Committee created to improve how the government handles foreign military sales and export controls has begun its work, committee Chairman Brian Mast, R-Fla., said Feb. 25.