House Select Committee on China Chairman John Moolenaar, R-Mich., urged JPMorgan Chase & Co. and Bank of America on April 17 to stop participating in the upcoming initial public offering of Chinese electric vehicle battery producer Contemporary Amperex Technology Co. Ltd. (CATL), which the Defense Department recently placed on its Section 1260H list of Chinese military companies (see 2501060024).
Senate Foreign Relations Committee ranking member Jeanne Shaheen, D-N.H., and Senate Banking Committee ranking member Elizabeth Warren, D-Mass., urged the Trump administration April 18 to reverse its decision to remove Hungarian official Antal Rogan from a Treasury Department sanctions list (see 2504170045).
Rep. Rob Wittman, R-Va., plans to reintroduce a bill that would restrict exports of two reusable materials: "black mass," a metal-rich mixture that comes from used lithium-ion batteries, and "swarf," metal debris produced during magnet manufacturing.
The House Select Committee on China said in a new report that the Bureau of Industry and Security should receive additional funding to improve its export control capabilities amid a growing workload.
Rep. Elise Stefanik, R-N.Y., whose nomination to be U.S. ambassador to the U.N. was recently withdrawn because of the tight House Republican majority, announced April 9 that she has been appointed to the Congressional-Executive Commission on China.
Sen. Josh Hawley, R-Mo., who introduced a bill in January to prohibit AI technology exports to China (see 2502030031), said April 14 that he believes recent news about China’s AI activities might give his legislation a lift.
The leaders of the House Select Committee on China said April 16 that they have asked U.S.-based Nvidia whether and how the company’s chips powered the recent development of an advanced artificial intelligence model by Chinese startup DeepSeek despite U.S. export restrictions.
House Select Committee on China Chairman Rep. John Moolenaar, R-Mich., and Rep. Jimmy Panetta, D-Calif., reintroduced a bill April 14 that could lead to additional sanctions on China for supporting Russia’s invasion of Ukraine.
Sen. Rick Scott, R-Fla., introduced a bill April 8 that would establish that Chinese companies sanctioned under one U.S. authority be automatically sanctioned under all other authorities.
House Foreign Affairs Committee ranking member Gregory Meeks, D-N.Y., and former House Majority Leader Steny Hoyer, D-Md., introduced a bill April 14 that would increase sanctions and export controls on Russia over its invasion of Ukraine.