The U.S. Chamber of Commerce gave advice to Congress in July and August on how to shape legislation that Congress is calling a "polluter import fee," which most call a carbon border adjustment tax. On Sept. 2, it published its reaction to one bill on the table, the Coons-Peters bill, although Senate Finance Committee Chairman Ron Wyden, D-Ore., has not said that the Coons bill will be the starting point for legislation he wishes to advance as part of the "soft infrastructure package" Congress is trying to write this fall (see 2108100031). Just before leaving for the August recess, Wyden said that the Senate was far from a concrete proposal, and that any proposal must get the support of Sen. Joe Manchin, D-W.Va. Manchin represents a state where coal mining is the third-largest industry.
Sen. Chuck Grassley, R-Iowa, told reporters on a press call that his constituents are saying they're concerned there is a "lack of a trade agenda in this administration." He said that in the months since Katherine Tai was confirmed as U.S. trade representative, "I haven't seen any movement on trade agreements."
Seven Republican senators, led by Sen. Jim Inhofe, R-Okla., are asking U.S. Trade Representative Katherine Tai to restart negotiations with Kenya begun in the last administration, with a goal of signing a free trade agreement. They sent a letter Aug. 20 that argued that a free trade agreement "would build on the African Growth and Opportunity Act (AGOA) of 2000, which expires in 2025. ... A U.S.-Kenya FTA would strengthen trade and commercial ties at a time when China and Russia are seeking economic influence across the African continent. The U.S. would ultimately be able to further promote human rights, the rule of law, economic development and positive relations with Kenya and Africa through a FTA."
Rep. Randy Feenstra, R-Iowa, introduced a bill that would require the executive branch to prohibit controlled exports to any country that has acted with "gross negligence with respect to a chemical or biological program," and that gross negligence could come from the government itself, a state-owned enterprise, or a company with "significant material support" from that country's govenrment.
The Committee on Foreign Investment in the U.S. should review all U.S. investment transactions by Brazilian meatpacking conglomerate JBS S.A., its holding company J&F Investimentos and any entity owned by the company’s owners Wesley and Joesley Batista, two senators said. The companies use “criminal practices to obtain the funds to acquire U.S. companies,” which may jeopardize U.S. economic security and undermine U.S. efforts to combat corruption, Sens. Bob Menendez, D-N.J., and Marco Rubio, R-Fla., said in an Aug. 13 letter to Treasury Secretary Janet Yellen. “With JBS S.A. planning further U.S. acquisitions in the near future,” the senators said, “the need for a thorough investigation is urgent.”
Two lawmakers said the U.S. should impose more sanctions against Cuba for its suppression of pro-democracy protests, but other measures are needed as well.
Sen. Roger Wicker, R-Miss., the top Republican on the Senate Commerce Committee, is asking the Bureau of Industry and Security for information on Huawei export licenses. Wicker said BIS recently held an “informal briefing” with Wicker’s staff in which they withheld certain licensing information “based on confidentiality concerns,” but Wicker believes the information should have been provided. “The information requested neither focused on any particular company's compliance nor could have resulted in a breach of confidentiality for a company under investigation,” the senator said in an Aug. 11 letter to BIS.
The American Association of Exporters and Importers said the country needs a properly confirmed leader at CPB, and is asking the Senate Finance Committee to take up the nomination of Chris Magnus for commissioner when the Senate returns in September. "Through the Covid pandemic and the start of the economic recovery, this critical leadership position has been left open for more than two years," the group said. AAEI said Magnus met with its CEO and board chair, and they were impressed with his experience solving complex issues.
More than a third of Republican senators are telling President Joe Biden that the European Union's plan to apply tariffs to aluminum, cement, fertilizers, iron and steel from countries that are not pricing carbon as the EU does is protectionism in disguise. They noted that U.S. steel is already more carbon efficient than the product is in the EU.
Much work remains to be done to create a concrete proposal on levying tariffs on imports from countries that are not as aggressive as the U.S. is about battling climate change, Senate Finance Committee Chairman Ron Wyden, D-Ore., said in a brief Capitol hallway interview Aug. 10. Such a tariff is planned as a pay-for in the upcoming spending bill for education and daycare, income support, health care, housing and environmental priorities. "People have asked, 'What is this really all about?'” he said. "We have defined this as making sure that, as our workers and our manufacturers push very hard to modernize our infrastructure, make it greener and cleaner, that other countries don't undercut our workers and manufacturers. That is the philosophical foundation."