Four members of the House Financial Services Committee asked the Treasury Department last week for an update on the proposed acquisition of U.S. Steel by Japan-based Nippon Steel, saying they’re concerned the Biden administration’s review of the deal may have been improperly influenced by politics.
Export controls, sanctions and investment screenings remain among the top challenges faced by U.S. companies doing business in China, according to an annual member survey released by the U.S.-China Business Council on Sept. 6.
Rep. Dan Newhouse, R-Wash., introduced a bill last week that would permanently add the agriculture secretary to the Committee on Foreign Investment in the U.S. to review agricultural transactions.
Eight House Democrats urged Speaker Mike Johnson, R-La., Sept. 5 to immediately bring up bipartisan Venezuela legislation on the House floor when Congress returns from its August recess next week.
Sen. Richard Blumenthal, D-Conn., who chairs the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, announced Sept. 5 that officials from four large U.S. computing chip manufacturers will testify at a hearing next week on Russia’s efforts to evade U.S. export controls.
The U.S. government should make greater use of economic sanctions against the Houthis to weaken the Yemen-based group’s ability to attack international shipping in the Red Sea, a Yemeni think-tank leader recommended Sept. 4.
The House of Representatives plans to vote on several export control-related bills next week, including the Remote Access Security Act, which is designed to close a loophole that has allowed China to use cloud service providers to access advanced U.S. computing chips remotely.
Sen. Marco Rubio, R-Fla., said Sept. 3 that the Bureau of Industry and Security is failing to stem the flow of U.S.-made advanced computing chips to China and must take additional steps to stop the “semiconductor leakage.”
With Russia having recently restarted production of liquefied natural gas at its Western-sanctioned Arctic LNG 2 project, compliance officers should prepare for the increased but “manageable” risks that Russian LNG poses, according to a new report released by Blackstone Compliance Services.
At least 22 states recently have approved legislation regulating foreign ownership of U.S. land, reflecting growing interest in addressing the potential national security and economic implications of such investments, the Congressional Research Service said in a new report this week.