House Democrats introduced a bill last week that they said will help facilitate the transfer of two Virginia-class nuclear-powered submarines from the U.S. to Australia as part of the Australia-U.K.-U.S. (AUKUS) partnership. The AUKUS Undersea Defense Act would also authorize “the training of Australian private sector defense personnel,” the lawmakers said.
Although the U.S.-Taiwan Initiative on 21st Century Trade does not change tariffs, and therefore the administration says no legislative approval is needed, the chairmen and ranking members of the House and Senate committees that deal with trade have introduced a bill that would give it congressional approval.
The Senate Foreign Relations Committee last week advanced a bipartisan bill that would require the administration to form a sanctions strategy that would be triggered if China invades Taiwan. The Taiwan Protection and National Resilience Act, reintroduced in March (see 2303300024), would require the several Cabinet agencies to submit a report to Congress describing a “comprehensive sanctions strategy” that the U.S and allies could adopt in response to an invasion. Marco Rubio, R-Fla., one of the authors of the bill, said Congress “must continue to closely monitor” China’s “hostile acts against our democratic ally and remain firm in our strategy to deter any aggression against Taiwan.”
A bipartisan bill introduced in the Senate and House could lead to new sanctions on entities that process or trade Iranian oil, including through ship-to-ship transfers. The Stop Harboring Iranian Petroleum (SHIP) Act would also require the Biden administration to report on the “increase of exports of petroleum and petroleum products from Iran.”
Republican Sens. Marco Rubio of Florida and John Cornyn of Texas reintroduced a bill this week to expand U.S. foreign investment reviews to cover companies “working with genetic information.” The Genomics Expenditures and National Security Enhancement Act, originally introduced in 2021 (see 2105250022), would direct the Committee on Foreign Investment in the U.S. to “rewrite its regulations” to require mandatory filings for any foreign investments that involve genetic information. CFIUS would be required to consult with the Department of Health and Human Services on any deal that involves a “genetic data transaction,” and would be required to include the Senate’s Select Committee on Intelligence and the Foreign Relations Committee in its briefings.
Rep. Darin LaHood, R-Ill., and 20 other members of the House of Representatives, mostly from the Midwest, asked U.S. Trade Representative Katherine Tai to make the ethanol export market in Brazil a priority, because Brazil has both non-tariff barriers and tariffs on U.S. ethanol exports.
As part of the phase one trade agreement, China agreed to allow imports of chicken on a state-by-state basis after avian influenza cases, as long as 90 days had passed since the last case, and disinfection protocols had been completed.
A joint letter from U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo to the Senate Finance Committee chairman defended their efforts to engage with Congress as they negotiate the Indo-Pacific Economic Framework.
The Commerce Department should use the Entity List and potentially its anti-boycott regulations to respond to Beijning’s restrictions on U.S. chip company Micron (see 2305220053 and 2305240002), Reps. Michael McCaul, R-Texas, and Mike Gallagher, R-Wis., said in a June 1 letter to Commerce Secretary Gina Raimondo. The lawmakers said it’s time for the U.S. and its partners to “firmly push back” on China’s “economic coercion, adding that it "can no longer sit on the sidelines as the [People’s Republic of China] selectively targets U.S. and allied entities with the goal of intimidating our businesses and harming our economic security.”
House Ways and Means Trade Subcommittee Chairman Adrian Smith, R-Neb., Rep. Michelle Fischbach, R-Minn., and 62 other Republican members, including Ways and Means Chairman Jason Smith, R-Mo., asked U.S. Trade Representative Katherine Tai to open a formal dispute under USMCA over Mexico's treatment of biotech corn imports.