Members of the National Retail Federation are seeing a rise in freight rates and ocean carrier transportation costs and want to make sure that those new fees and surcharges "actually cover real costs and are not intended for profit," Jonathan Gold, NRF vice president of supply chain and customs policy, told Congress this week.
Two House committee chairs have urged the Biden administration to place export restrictions and sanctions on four “highly troubling” Chinese companies that are slated to provide software and other technology to a planned electric vehicle battery factory in the U.S.
Senate Foreign Relations Committee Chairman Ben Cardin, D-Md., said Jan. 26 that he will approve granting the request from Turkey to the U.S. for the purchase of F-16 fighter jets, following that country’s approval of Sweden’s accession to NATO.
The Biden administration announced on Jan. 26 that it's temporarily pausing pending decisions on liquefied natural gas exports while it reviews criteria for approving those projects.
Sens. Mike Braun, R-Ind., and Jon Tester, D-Mont., on Jan. 25 introduced a bill aimed at improving the tracking of foreign investment in U.S. farmland.
Reps. Dusty Johnson, R-S.D., and John Garamendi, D-Calif., urged the Federal Maritime Commission on Jan. 26 to finalize its proposed rule on demurrage and detention billing requirements “as expeditiously as possible.”
Senate Finance Committee ranking member Mike Crapo, R-Idaho, along with six Democrats, six Republicans and independent Sen. Kyrsten Sinema, urged the administration to come out against a proposal at the World Trade Organization to waive intellectual property protections for COVID-19 diagnostics and therapeutics. There already is an IP waiver for vaccines against the disease. The waivers, which loosen the Trade-Related Aspects of IP Rights, or TRIPS, in the body, "could have unintended consequences for the development of new treatments for dangerous diseases, while doing little to improve access to medicine," they argued.
Four Democratic lawmakers, including Sen. Elizabeth Warren of Massachusetts, sent Commerce Secretary Gina Raimondo a series of recommendations for strengthening firearms export controls, Warren’s office said Jan. 24.
Sen. J.D. Vance, R-Ohio, urged the Committee on Foreign Investment in the U.S. to investigate the proposed sale of Vista Outdoor’s Sporting Products business to Czechoslovak Group (CSG), saying the transaction could endanger national security by transferring an American manufacturer of firearms ammunition to a “Kremlin-linked” foreign company.
The Senate Foreign Relations Committee on Jan. 24 approved a bill that would authorize the government to seize about $5 billion in frozen Russian central bank assets in the U.S. to help pay for rebuilding Ukraine.