The Senate Banking Committee held a hearing Jan. 11 to renew its push for congressional passage of the Fentanyl Eradication and Narcotics Deterrence (FEND) Off Fentanyl Act, which would use sanctions and anti-money laundering measures to counter the illicit fentanyl supply chain that is blamed for tens of thousands of American deaths annually.
The Treasury Department’s Financial Crimes Enforcement Network should do a better job informing small businesses about its new beneficial ownership information reporting requirements (see 2401050023), Rep. Blaine Luetkemeyer, R-Mo., said in a Jan. 5 press release.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, urged the Biden administration to reinstate the Houthis’ designation as a Foreign Terrorist Organization, citing the Yemen-based group’s recent attacks on commercial ships in the Red Sea.
Rep. Blaine Luetkemeyer, R-Mo., who chairs the House Financial Services Committee’s Subcommittee on National Security, Illicit Finance and International Financial Institutions, announced Jan. 4 that he will not seek reelection in 2024.
Rep. Nydia Velazquez, D-N.Y., has introduced a resolution aimed at improving U.S. relations with Latin America, including by ending all unilateral economic sanctions imposed on the region by executive order.
The leaders of the House Select Committee on China urged the Defense and Treasury departments on Jan. 4 to blacklist China-based Quectel Wireless Solutions, saying the manufacturer of Internet connectivity modules has troubling ties to the Chinese military.