The Senate approved a bill Dec. 11 that would give Taiwan the shorter formal congressional notification timelines and higher weapons value notification thresholds enjoyed by NATO members, plus Australia, Israel, Japan, New Zealand and South Korea (see 2505140001 and 2510220035).
Although his bill to restrict exports of advanced AI chips didn't make it into the final FY 2026 National Defense Authorization Act (NDAA), which lawmakers unveiled this week (see 2512080048), Sen. Jim Banks, R-Ind., said late Dec. 9 that he's not giving up on his proposal.
Mexico Customs announced that it will delay mandatory use of its new electronic value manifest until April 1, amid concerns over industry readiness and the potential for processing delays at Mexican ports of entry around the original Dec. 9 deadline (see 2512050039).
The Office of Foreign Assets Control this week removed two Russians from its Specially Designated Nationals List that it had originally sanctioned for either helping to provide Russia with export controlled items or for operating in Russia's technology sector.
Canada last week lifted certain sanctions against Syria, removing the country from its List of Foreign State Supporters of Terrorism and taking Hay'at Tahrir al-Sham off the List of Terrorist Entities under the Canadian Criminal Code.
Rep. Julie Johnson, D-Texas, and Del. James Moylan, R-Guam, announced Dec. 3 that they have introduced a bill aimed at protecting whistleblowers who report defense export control violations.
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.
The Council of the European Union and the European Parliament struck a provisional deal on the revised Generalized Scheme of Preferences program, which grants EU trade preferences to developing countries. The provisional deal adds "stronger links to respect for human rights and the environment, and a better monitoring and transparency of the scheme," the council said. New conventions regarding human rights and environmental protections will be added to the program, and the proposal provides for an "urgency procedure for the rapid withdrawal of preferences in case of violations of the principles of these conventions," the council said.
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.