Sen. Dan Sullivan, R-Alaska, is urging Congress to revisit legislation that would require U.S. firms to report outbound investments that could threaten American national security.
A group of Senate Republicans asked the Biden administration for a briefing on how Iran is spending the billions of dollars it has received through recent U.S. sanctions waivers.
A bipartisan group of four senators introduced a bill that would impose sanctions on foreign banks and foreign cryptocurrency firms that do business with terrorist organizations such as Hamas.
Four House Democrats introduced a bill aimed at curbing the flow of U.S. firearms to drug cartels, gangs and other violent groups in the Caribbean and Latin America.
The Biden administration should sanction Russian weapons manufacturer JSC Alabuga, which is receiving help from Iran to produce its own version of Iran’s Shahed-136 kamikaze drone, known as the Geran-2, on Russian soil, according to Sen. Tom Cotton, R-Ark.
A conference report on the 2024 defense spending bill released this week by House and Senate negotiators said the legislation won’t include a polarizing measure that could have led to new guardrails around U.S. outbound investments into China. The leaders of the Senate and House Armed Services committees ultimately decided to leave out the provision in the compromise version of the National Defense Authorization Act despite the fact that it passed as part of Senate’s version of the NDAA in July (see 2307280052).
A bill that would ban the import or export of marine species that pose "a substantial risk of harm to the sustainability of such species or the coral reef ecosystem of such species," or of species that have poor survivorship in transport or captivity, was introduced by Reps. Ed Case, D-Hawaii, and Jared Huffman, D-Calif.
Seventeen senators, including Minority Leader Mitch McConnell, R-Ky., are asking the U.S. trade representative to reach "an expedited agreement with the European Union" so that tariffs don't return on exported whiskey Jan. 1. That tariff would be 50% under the schedule the EU imposed as retaliation for the Section 232 tariffs on European steel and aluminum exports.
If a bill just introduced becomes law, importers of fossil fuels, refined petroleum products, petrochemicals, fertilizer, hydrogen, adipic acid, cement, iron and steel, aluminum, glass, pulp, paper, lime and gypsum products and ethanol would have to pay a duty at the border based on the carbon intensity of either the industry in the home country, the product, if a specific petition was made, or an economywide carbon intensity measure, if no reliable data is available by industry.
The Bureau of Industry and Security’s recent 90-day pause in issuing commercial firearms export licenses will financially harm companies, especially small ones, that rely on foreign sales for income, according to a letter five Republican members of the House Small Business Committee sent to BIS.