The Senate’s proposed Georgian People’s Act will be modified “if needed” to ensure those responsible for “fraud and manipulation” in the country's recent parliamentary elections “are held accountable,” Sens. Jeanne Shaheen, D-N.H., and Jim Risch, R-Idaho, said in a joint statement this week.
After months of negotiations, House lawmakers remain hopeful they can reach a compromise on a bill to restrict outbound investment in China, House Financial Services Committee Chairman Rep. Patrick McHenry, R-N.C., said Oct. 25.
House Oversight Committee Chairman Rep. James Comer, R-Ky., and two other Republican lawmakers asked the Energy Department this week to clarify the status of its study on liquefied natural gas exports.
While the Biden and Trump administrations both frequently imposed financial sanctions and export controls on China, the Biden administration has made greater use of two key tools: the Treasury Department’s Specially Designated Nationals and Blocked Persons List and the Commerce Department’s Entity List. That's according to a new report by the Center for a New American Security (CNAS).
The Biden administration believes it has struck the right balance in managing technology trade with competitors such as China, White House National Security Adviser Jake Sullivan said Oct. 23.
Rep. Gary Palmer, R-Ala., introduced legislation last week that would block a new Treasury Department rule that would make investment advisers subject to anti-money laundering and counter-terrorism financing requirements.
With the United States and the EU both preparing to increase their scrutiny of outbound investment, the two parties should closely coordinate their efforts to achieve the best possible outcome, a Germany-based researcher said Oct. 22.
House Foreign Relations Committee Chairman Michael McCaul, R-Texas, urged the Biden administration Oct. 18 to give the Treasury and State departments additional resources, including personnel, to speed up implementation of the new sanctions authorities that were enacted into law almost six months ago.
Republican presidential candidate Donald Trump is likely to react “more negatively and more directly” than his Democratic rival, Vice President Kamala Harris, to the EU’s plan to start taxing carbon-intensive imports, a former U.S. trade official said Oct. 17.
Ten Republican lawmakers asked the Treasury Department Oct. 17 to explain why the Committee on Foreign Investment in the U.S. has apparently declined to review and block Chinese electric vehicle battery maker Gotion from building a plant near a military base in Michigan.