The U.S. should maintain and strengthen export restrictions on advanced chips and semiconductor manufacturing equipment to preserve its edge over China in AI, a panel of experts told lawmakers Dec. 2.
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The lead sponsor in the House on a Russia sanctions and secondary sanctions bill said that negotiations are still ongoing between the two chambers on the final language of the bill.
The Office of Foreign Assets Control and Chicago-based private equity firm IPI Partners reached a nearly $11.5 million settlement to resolve accusations that the firm violated sanctions against Russia through its business dealings involving a designated Russian oligarch.
A proposal to require U.S. manufacturers of advanced AI chips to make their products available to American firms before selling them to China is unlikely to make it into the final FY 2026 National Defense Authorization Act (NDAA), but it could advance later as stand-alone legislation, a key lawmaker said Dec. 2.
Advanced technology and AI companies largely supported the Commerce Department’s new effort to create a program aimed at increasing U.S. exports of AI technologies and services, with some saying companies should commit to "rigorous" export compliance conditions before being allowed to participate. One company said the U.S. should require businesses to automate their compliance for exports involving certain dual-use AI models, saying manual compliance presents too many “failure points.”
The Bureau of Industry and Security shouldn't expect freight forwarders and logistics providers to carry out the same level of 50% rule due-diligence as exporters, which have much more visibility into the products being shipped and are better positioned to make sure they comply with the new regulations, logistics companies and trade groups told BIS in public comments released this month.
EU ministers and Parliament members this week urged the bloc to respond forcefully to China’s rare earth export restrictions if Beijing doesn’t repeal them or swiftly grant export licenses to European companies. Some also said they’re skeptical Beijing’s one-year suspension for some of its export controls will last.
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The Bureau of Industry and Security needs more resources to address the surge in export license applications that’s expected if its new 50% rule comes back into effect with no changes, industry groups said, adding that otherwise, the agency risks severely delaying or pausing large volumes of trade.