The U.S. needs to impose more sanctions and export controls to prevent nuclear collaboration between Russia’s Rosatom and China, which is helping to support Russia’s war in Ukraine and allowing China to acquire enough weapons grade plutonium to “fuel its strategic nuclear breakout,” Republican House leaders said this week. Although the lawmakers said they were “heartened” to see the new set of sanctions against Russia last month (see 2302240028), which included designations targeting three Rosatom subsidiaries, they called for more.
The U.S. should do more to address China’s growing trade influence in Ecuador and throughout Latin America, Rep. Jason Smith, the chair of the House Way and Means Committee, said during a March 15 visit to Ecuador. Smith, R-Mo., told Ecuador President Guillermo Lasso and members of his Cabinet that he is concerned about the country’s “expanding trade ties” with China.
Sen. Todd Young, R-Ind., complained this week that Brazil is not in the Americas Partnership for Economic Prosperity, and that APEP, once its negotiations are completed, is unlikely to increase U.S. agricultural exports to member countries. Young, speaking at a Senate Foreign Relations Committee hearing on the future of U.S.-Brazil relations, said farmers in his state rely on market access-opening trade deals, and said the U.S. should try to convince Brazil to lower its tariff barriers on corn, soybeans and ethanol.
The Committee on Foreign Investment in the U.S. should “be prepared to carefully review” any investments related to the closures of Silicon Valley Bank and Signature Bank, Sen. Marco Rubio, R-Fla., said in a March 15 letter to Treasury Secretary Janet Yellen. Rubio said he’s concerned China and its companies may be looking to “exploit this moment for their own” benefit after both banks collapsed this week.
Sen. Amy Klobuchar, D-Minn., along with two other Democrats and Kansas' two Republican senators, reintroduced a bill to lift the Cuba trade embargo. The bill also would allow unrestricted shipping between U.S. and Cuban ports and allow transactions between the two countries' businesses.
The Bureau of Industry and Security should “significantly” strengthen export controls against Huawei to further restrict the Chinese technology company from buying U.S.-origin items, Rep. Michael McCaul, R-Texas, said in a March 6 letter to the agency. Although McCaul applauded its use of the Entity List and the foreign direct product rule to “curtail Huawei’s unconstrained march to dominate 5G telecommunications systems globally,” he said more should be done.
A Republican-backed bill introduced in the House this month could provide for greater “congressional oversight of certain sanctions imposed” against Russia. Rep. Daniel Meuser, R-Pa., introduced the bill, which doesn't yet have publicly available text. It has four Republican co-sponsors.
Rep. Adam Schiff, D-Calif., reintroduced a bill last week that he said would give the administration “explicit authority” to sanction any Chinese entity or person who knowingly supports Russia’s war in Ukraine. The bill, which has more than 10 Democratic co-sponsors, also would authorize certain sanctions against those who Russia evade U.S. sanctions. The sanctions in the Deter PRC Support to the Russian War Effort Act include financial designations, certain investment restrictions, procurement prohibitions and more. The bill also was introduced during the last Congress.
The Biden administration should impose Global Magnitsky sanctions against leading Chinese surveillance company Hikvision for its role in human rights violations against Uyghurs in China, Reps. Michael McCaul, R-Texas, and Gregory Meeks, D.N.Y., said this week. The lawmakers, the top Republican and Democrat on the House Foreign Affairs Committee, asked President Joe Biden to tell the committee within 120 days whether Hikvision meets criteria for sanctions under the Global Magnitsky Human Rights Accountability Act, pointing to the company’s “clear track record in enabling international recognized human rights violations in Xinjiang.”
Senators unveiled legislation this week that would give the administration new authority to block transactions with TikTok and other foreign technology products that threaten U.S. national security. The bill, which has bipartisan support and was endorsed by the White House, would require the Commerce Department to establish new procedures to prohibit or mitigate transactions involving information and communications technology products “in which any foreign adversary has any interest and poses undue or unacceptable risk to national security.”