Sen. Rick Scott, R-Fla., and Senate Banking Committee ranking member Elizabeth Warren, D-Mass., introduced a bill last week that would require the Bureau of Industry and Security to conduct a competitive market review of applications to export items to entities on the agency’s Entity List.
The U.S. launched a new export licensing platform that allows users to track the progress of applications submitted to both the State and Commerce departments, which it said will “simplify export control processes, enhance compliance, and provide centralized resources for industry users.”
The Trump administration is weighing the pros and cons of lifting export restrictions on shipments of Nvidia’s H200 AI chips to China, Commerce Secretary Howard Lutnick said Nov. 24.
The Office of Foreign Assets Control this week issued a maximum $4.67 million fine against a real estate investor for mortgaging, renovating, and selling a real estate property owned by a sanctioned Russian oligarch’s family member.
The U.S. arrested two U.S. citizens and two Chinese nationals last week after accusing them of using a purported Florida real estate firm, an Alabama distributor and nearly $4 million in wire transfers to buy and illegally export “cutting edge” chips to China.
The U.S. should work with its allies to increase export restrictions on semiconductor manufacturing equipment (SME), components and services to limit China’s ability to make computing chips, former government officials told lawmakers Nov. 20.
Rep. Michael McCaul, R-Texas, chairman emeritus of the House Foreign Affairs Committee, said Nov. 20 that he plans to introduce a bill to place subsidiaries on the Bureau of Industry and Security’s Entity List if they're owned 50% or more by companies on that list.
Rep. Julie Johnson, D-Texas, a member of the House Foreign Affairs Subcommittee on South and Central Asia, which oversees the Bureau of Industry and Security, said Nov. 20 that she’s concerned that recent personnel departures at BIS have caused a “talent drain” at the export control agency.
The U.S. should focus on leading the global diffusion of American AI technology to allies instead of bargaining with Beijing to sell advanced chips to China, an industry official and think tank expert said this week.
The U.S. plans to allow United Arab Emirates-based AI company G42 and Saudi Arabia-based AI firm Humain to buy the equivalent of up to 35,000 Nvidia Blackwell chips, also known as GB300s, the Commerce Department said in a Nov. 19 emailed press release.