British companies are still seeing significant post-Brexit trade delays and disruptions when moving goods to and from the EU, including steel products, jets, autos, agricultural goods and more, U.K. industry officials told the country’s Parliament this week. They urged the U.K. government to resolve a range of customs issues with the EU and negotiate carve-outs from upcoming EU tariffs, especially as they said the U.K.’s trade relationship with the U.S. grows more unpredictable.
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., on Jan. 14 welcomed the Bureau of Industry and Security’s new license review policy for certain chip exports to China (see 2601130073), saying the agency took a “good step” by requiring companies like Nvidia to prioritize U.S. customers.
The Treasury Department plans to release a request for information “soon” to get feedback on how the Committee on Foreign Investment in the U.S. can ensure its new fast-track process for certain deals is as efficient as possible, CFIUS’s overseer told a congressional panel Jan. 14.
Sen. Pete Ricketts, R-Neb., a senior member of the Senate Foreign Relations Committee, criticized China on Jan. 12 for banning dual-use exports to Japanese military users because it disliked Japanese Prime Minister Sanae Takaichi’s recent comments on Taiwan.
Rep. Randy Fine, R-Fla., introduced a bill Jan. 9 aimed at bolstering American AI exports amid growing foreign competition.
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The House voted 369-22 late Jan. 12 to pass the Remote Access Security Act, which aims to close a “loophole” that allows China to use cloud service providers to access advanced U.S. chips remotely.
House and Senate negotiators unveiled a compromise FY 2026 financial services and general government appropriations bill Jan. 11 that would fully fund the Trump administration’s request for the Committee on Foreign Investment in the U.S. and the Treasury Department’s Office of Terrorism and Financial Intelligence (TFI) while slightly cutting its request for the Financial Crimes Enforcement Network.
Reps. Jefferson Shreve, R-Ind., and Sydney Kamlager-Dove, D-Calif., introduced a bill Jan. 9 aimed at bolstering the technical staffing of the Bureau of Industry and Security.
Rep. August Pfluger, R-Texas, and Sen. Tim Sheehy, R-Mont., introduced a bill Jan. 8 aimed at improving the ability of the U.S. and its allies to counter trade-based money laundering.