The new U.S. outbound investment regulations appear so far to be blunting American investments in sensitive Chinese technology sectors, even for investments that only require a notification to the Treasury Department, law firm Sidley Austin said in a client alert this month.
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House Select Committee on China Chairman John Moolenaar, R-Mich., said July 22 that the U.S. needs to impose stronger export controls and outbound investment restrictions on China to protect its own national security.
Senate Minority Leader Chuck Schumer, D-N.Y., criticized the Trump administration July 21 for removing restrictions on the sale of Nvidia’s advanced H20 computing chips to China, saying the move will help Beijing catch up to and even surpass the U.S. on AI.
The Senate Appropriations Committee’s newly released report on the FY 2026 Commerce-Justice-Science appropriations bill (see 2507170053 and 2507100053) calls for the Bureau of Industry and Security to take several actions to inform lawmakers, including writing a report on international efforts to harmonize export controls on items that could aid Russia’s invasion of Ukraine.
Treasury Secretary Scott Bessent suggested the White House may be in favor of a bill that would authorize new sanctions and tariffs against Russia’s supporters, and he urged the EU to put in place similar measures.
Beijing last week said it’s seeing the U.S. approve exports of Nvidia H20 chips to China and urged the Trump administration to roll back other restrictions against the country.
House Foreign Affairs Committee ranking member Rep. Gregory Meeks, D-N.Y., announced July 17 that he has filed a discharge petition to force House floor consideration of his bill to increase sanctions and export controls on Russia over its invasion of Ukraine.
House Select Committee on China Chairman John Moolenaar, R-Mich., asked the Commerce Department July 18 to explain how it plans to implement the Trump administration’s recent decision to allow U.S. semiconductor firm Nvidia to sell its previously restricted advanced H20 chips to China (see 2507150013).
More than six months into President Donald Trump’s second term, the new administration’s plan for export controls on both semiconductors and chip manufacturing equipment remains unclear, industry officials and a congressional adviser said last week. They all said they hope any new controls are calibrated with allies.