Deputy Treasury Secretary nominee Michael Faulkender said March 6 he wants to study whether changes should be made to the Biden administration’s October 2024 rule restricting outbound investment in China (see 2410280043).
The Senate Banking Committee voted 13-11 along party lines March 6 to approve Washington trade lawyer Jeffrey Kessler to be undersecretary of commerce for industry and security, sending his nomination to the full Senate for its consideration.
Although the Bureau of Industry and Security recently resumed processing certain license applications that it had paused in early February as part of a broader export control policy review, the agency is still holding applications for a range of items destined to countries outside a group of about 40 U.S. allies and other trading partners, two people with knowledge of the holds said.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Singapore authorities charged three men with fraud last week after linking them to alleged illegal exports of advanced chips made by American semiconductor firm Nvidia, Singapore-based broadcaster Channel News Asia reported Feb. 28. The three men allegedly “made false representations” last year that the Nvidia chips wouldn’t be transferred to someone other than the "authorised ultimate consignee of end users," the report said, which may have violated U.S. export controls. The charges came after Singapore trade official Tan See Leng told the country’s parliament on Feb. 18 that Singapore doesn’t “condone businesses deliberately using their association with the country to circumvent or violate export controls of other nations,” the report said.
Everspin Technologies, a semiconductor firm based in Arizona, disclosed to the Bureau of Industry and Security that it may have violated U.S. export controls.
The Bureau of Industry and Security for the past month has been led by a key Project 2025 contributor entrusted by the Trump administration with overseeing an export control policy review, an effort that resulted in a licensing pause and coincided with multiple senior career employees leaving the agency. BIS resumed processing and approving certain license applications around the same time the Trump official was removed from his position late last month, Export Compliance Daily has found.
Microsoft this week urged the Trump administration to rethink portions of a Biden-era rule that placed global export controls on certain shipments of advanced artificial intelligence chips, saying the rule will have unintended negative consequences on the American technology industry.
Jeffrey Kessler, President Donald Trump’s choice to lead the Bureau of Industry and Security (see 2502040059), said at his Senate nomination hearing Feb. 27 that he has reservations about the agency’s latest export controls on advanced artificial intelligence chips and wants to scrutinize them. He also testified that he plans to examine whether BIS needs more resources and a reorganization.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.