The State and Treasury departments should form a task force to “robustly investigate and sanction” illicit gold trafficking networks, a watchdog group representative told a House panel March 25.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., and Rep. Joe Wilson, R-S.C., a senior member of the House Foreign Affairs Committee, urged the Trump administration March 20 to consider further easing sanctions on Syria to help the war-torn country rebuild following last year’s fall of the Bashar al-Assad regime.
Three House members announced March 21 that they have introduced a companion bill to Senate legislation that would restrict U.S. outbound investment in China.
Sponsors of a recently reintroduced House bill that could lead to sanctions on certain foreign telecommunications firms are looking into several potential avenues for getting the legislation passed, a congressional aide said March 21.
The Bureau of Industry and Security has begun to experience a significant decline in export license applications for Australia and the U.K. as a result of a rule it issued last year to reduce defense-related licensing requirements for those countries, a Commerce Department official said March 19.
The EU plans to update its export controls to make them more effective amid rapid geopolitical and technological change, a government official said March 19.
The U.S. government’s recently revised policy guidance for missile technology exports gives the Bureau of Industry and Security more flexibility to approve export licenses to support space launch vehicle (SLV) programs, a Commerce Department official said March 19.
The Bureau of Industry and Security is reviewing public comments on two rules it proposed last year to expand U.S. persons controls, a Commerce Department official said March 18.
The congressionally mandated National Security Commission on Emerging Biotechnology is expected to include recommendations on export control policy in its upcoming report to Congress, a Commerce Department official said March 18.
When the Financial Crimes Enforcement Network revises a rule implementing the Corporate Transparency Act (CTA), it will aim to ensure the regulations are “appropriately tailored to advance the public interest,” a Treasury Department official told lawmakers last week.