Sen. Jim Banks, R-Ind., and Rep. John Moolenaar, R-Mich., reintroduced a bill March 11 to prohibit most private-sector retirement plans from investing in companies based in “foreign adversary” countries, including China, Russia, Iran and North Korea.
The U.S. shouldn't ease sanctions on Russia if Moscow accepts a proposed 30-day ceasefire with Ukraine, two members of the Senate Foreign Relations Committee said.
The Office of Foreign Assets Control this week sanctioned the Foxtrot Network, a transnational criminal group based in Sweden, along with its leader Rawa Majid. OFAC said the group has trafficked illegal drugs and "carried out attacks on Israelis and Jews in Europe," including a January 2024 attack on the Israeli Embassy in Stockholm on behalf of the Iranian government. The agency said the designations build on President Donald Trump's February memo that ordered U.S. agencies to pursue a “maximum pressure” sanctions campaign against Iran (see 2502050020).
The Bureau of Industry and Security could face significant challenges imposing and enforcing export controls against China if the Trump administration continues to slash government workers and resources, particularly in the national security sphere, a technology policy researcher said in a new report. The report said the U.S. needs to continue investing in efforts to close export control loopholes that allow China to acquire advanced artificial intelligence chips, but it also said that even “extremely aggressive” controls are unlikely to give the U.S. a large lead in the AI race.
EU government enforcement agencies should better cooperate on sanctions and export control investigations, including by regularly sharing information during periodic meetings, according to a recent report from Kleptotrace, a research project co-founded by the EU.
Sens. Sheldon Whitehouse, D-R.I., and Chuck Grassley, R-Iowa, asked the Treasury Department on March 10 to provide the legal basis for its decision to exclude U.S. citizens and companies from implementation of the Corporate Transparency Act.
The Office of Foreign Assets Control last week updated several general licenses related to the Yemen-based Houthis, also known as Ansarallah, the group designated by the Trump administration as a foreign terrorist organization (see 2503040008).
The U.S. added more people and entities to sanctions and export control lists in 2024 than the previous year, with a large portion targeting Russia and China, the Center for a New American Security said this week.
The Bureau of Industry and Security released a "preliminary" agenda for its update conference scheduled for next week. The agenda includes two plenary sessions, a panel on export enforcement, and breakout sessions covering various topics, including semiconductor export controls, "emerging technology and foreign technology analysis," end-use/end-user controls, AUKUS, export enforcement best practices, the Office of Information and Communications Technology and Services, a regulatory review, space controls, and the Defense Production Act. The agenda also includes a list of speakers, which includes senior officials from BIS, the Office of Foreign Assets Control, the State Department and the Pentagon as well as government officials from Japan, South Korea and the EU. BIS said the agenda is subject to change.
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