Although the U.S. has had “limited success” in coordinating foreign investment screening with the EU, partly due to a lack of consensus among the bloc’s member states, recent developments suggest that the U.S. should try again, the Atlantic Council said in a new report on China policy.
The U.S. has given Syria a new 180-day sanctions waiver under the Caesar Syria Civilian Protection Act of 2019 to help the war-torn country continue its rebuilding effort, the Office of Foreign Assets Control said Nov. 10.
The Defense Department will transfer oversight of its defense export functions from its policy head to its acquisition chief as part of a broader bureaucracy streamlining effort, Defense Secretary Pete Hegseth announced Nov. 7.
Five Senate Democrats led by Banking Committee ranking member Elizabeth Warren, D-Mass., urged the Treasury Department Nov. 5 to provide more information about how it is implementing new restrictions on U.S. outbound investment in China.
The U.S. should ensure its export controls are not so restrictive that they harm the ability of American computing chip manufacturers to compete internationally, Rep. Rich McCormick, R-Ga., said this week.
Sen. Tom Cotton, R-Ark., urged the Commerce Department on Oct. 30 to support Malaysia’s new efforts to prevent the country from being used to smuggle export-controlled U.S. chips to China.
A group of 18 national security experts, including several former government officials, urged Congress Oct. 30 to pass legislation that would restrict U.S. sales of advanced AI chips to China and other arms-embargoed countries if there's unmet demand from American firms.
Several lawmakers offered a mix of praise and skepticism Oct. 30 when asked to assess the new U.S. trade deal with China.
House Select Committee on China ranking member Raja Krishnamoorthi, D-Ill., said Oct. 29 that Congress might need to pass legislation to enhance the ability of the Committee on Foreign Investment in the U.S. to screen transactions for national security risks.
Sen. Jim Banks, R-Ind., has put forth several changes to try to soften opposition to a bill that would require U.S. manufacturers of advanced AI chips to make their products available to American firms before selling them to China and other "countries of concern," a supporter of such restrictions said Oct. 24.