A Senate bill with bipartisan support would expand which deals involving sensitive personal U.S. data must be declared to the Committee on Foreign Investment in the U.S. The Protecting Sensitive Personal Data Act, introduced this month by Sens. Marco Rubio, R-Fla., and Raphael Warncok, D-Ga., would require mandatory declarations for investments that involve a range of personal data information, including genetic test results, health conditions, insurance applications, financial hardship data, security clearance information, geolocation data, private emails, data for generating government identification and credit report information. Warnock said “foreign entities” are investing in U.S. companies to “exploit” this data. “We need to strengthen CFIUS’s oversight authority of these transactions to protect Americans and mitigate this serious national security threat,” Rubbio said.
Several Republican senators last week introduced an amendment to the annual defense policy bill that would require mandatory sanctions against Nord Stream 2 AG, the company behind the Nord Stream 2 gas pipeline project. The amendment, introduced by Jim Risch of Idaho, Rob Portman of Ohio, John Barrasso of Wyoming, Ron Johnson of Wisconsin, Tom Cotton of Arkansas and Ted Cruz of Texas, would also require sanctions against “any entity responsible for planning, construction, or operation” of the pipeline, or their successor entity, as well as “any other corporate officer of or principal shareholder with a controlling interest” in those entities.
The bipartisan infrastructure package that passed the House Nov. 6 will dedicate $17.4 billion to ports, Coast Guard facilities, inland waterways, and land ports of entry, and flood and environmental projects from the Army Corps of Engineers, with much of the funds expected to be spent over a three- to five-year horizon.
The Biden administration should impose sanctions on people and companies contributing to the climate crisis, especially those that are also violating human rights, lawmakers said in a Nov. 4 letter to the Treasury and State departments. The lawmakers specifically pointed to the illegal deforestation of the Amazon, which is damaging not only the climate but also indigenous peoples. Global Magnitsky sanctions could “deter” government officials, corporations and people “from causing additional harm” to the environment, the letter said.
Sen. Bob Menendez, D-N.J., introduced a bill last week that would impose export controls and sanctions on those responsible for the murder of journalist Jamal Khashoggi in 2018. Introduced Nov. 3, the bill would restrict exports of certain defense items and services to Saudi Arabia to “protect human rights.” Sens. Patrick Leahy, D-Vt., and Ron Wyden, D-Ore., are co-sponsors. The Treasury Department in March sanctioned a senior Saudi official and a government agency for their involvement in Khashoggi’s death (see 2102260056).
Senate Foreign Relations Committee members introduced a bill Nov. 4 that would require more export controls and sanctions against those contributing to or profiting from the civil war in Ethiopia. The bill, introduced by committee Chair Sen. Bob Menendez, N.J., ranking member Sen. Jim Risch, R-Idaho, and Sen. Chris Coons, D-Del., “builds upon” the U.S.’s Ethiopian sanctions regime by requiring “targeted sanctions” against people and entities undermining peace in the country, doing certain business with senior government leadership, providing weapons to the warring parties and more. Although the Biden administration in September established a new Ethiopian sanctions regime (see 2109170036) and recently increased export restrictions for defense exports to Ethiopia (see 2110290004), the U.S. hasn’t yet issued specific sanctions.
The Senate Finance Committee voted 15-13 to recommend that Tucson Police Chief Chris Magnus be the next CBP commissioner. All Democrats and Sen. Bill Cassidy, R-La., supported Magnus, who would be the first openly gay head of CBP, in the Nov. 3 vote. A floor vote hasn't been scheduled for his nomination.
A draft bill released this week could expand certain CBP enforcement authorities over exports. The legislation, which is being drafted by Sen. Bill Cassidy, R-La., would broaden CBP's authority to suspend and fine traders for illegal exports, including counterfeit shipments or goods that violate intellectual property rights, according to a draft summary of the bill. It would also grant “discretionary authority” for the seizure of exports and “excludes goods summarily forfeited from notice requirements.” The bill is aimed at modernizing U.S. customs laws to better address “national and economic security, enhance data integrity, confront international adversaries, and better facilitate trade by utilizing emerging technologies.”
The Senate Finance Committee has scheduled a Nov. 3 vote on Chris Magnus' nomination for CBP commissioner.
New draft text of Congress’ Build Back Better Act budget reconciliation bill includes a tax credit to incentivize advanced semiconductor manufacturing, which would help “strengthen” U.S. supply chains, the Semiconductor Industry Association said Oct. 28. The incentive, included in the reconciliation package released by congressional Democrats Oct. 28, would create an investment tax credit of up to 25% for certain “advanced manufacturing facilities” and a tax credit for certain “eligible components.” The credit would specifically be available for “property for the manufacturing of semiconductors and semiconductor tooling equipment” that begins construction before 2027. The package hasn’t yet received a vote.