The Financial Crimes Enforcement Network, which issued an interim final rule in March to revise its implementation of the Corporate Transparency Act (CTA), is reviewing public comments on it to help write a final rule, Director Andrea Gacki said Sept. 9.
U.S. sanctions and export controls have had only a limited impact on Russia’s ability to raise revenue and obtain technology for its war machine, as Moscow has taken various steps to get around American restrictions, the Government Accountability Office said in a report released Sept. 8.
The Defense Department routinely funds research by Chinese entities that the U.S. government has placed on restricted lists for their ties to China’s military or role in human rights abuses, compromising the value of those designations, the House Select Committee on China said in a new report released Sept. 5.
The Semiconductor Industry Association urged Congress Sept. 5 to reject proposed legislation that it says would impose an “unprecedented expansion” of export controls on advanced AI computing chips.
Senate Armed Services Committee Chairman Roger Wicker, R-Miss., proposed an amendment Sept. 4 that would add several export control and sanctions provisions to the pending FY 2026 National Defense Authorization Act, including a requirement that U.S. manufacturers of advanced AI chips make their products available to American firms before selling them to China and other “countries of concern.”
Christopher Pilkerton, President Donald Trump’s nominee to be the Treasury Department's assistant secretary for investment security (see 2506040013), said Sept. 4 that he would aim to increase compliance with U.S. requirements for foreign investment.
The Senate might consider legislation to restrict U.S. outbound investment in China during its deliberations on the FY 2026 National Defense Authorization Act (NDAA) this month, a key lawmaker said Sept. 3.
The House approved several export control and sanctions bills late Sept. 2, including two aimed at China.
A newly required annual report to Congress on certain dual-use export license applications could cause exporters to be more cautious about seeking those licenses, a trade lawyer said in an interview.
House lawmakers have proposed dozens of export control-, sanctions- and foreign investment-related amendments to their chamber’s version of the FY 2026 National Defense Authorization Act (NDAA), including measures aimed at China, Russia and Turkey.