The Senate voted 53-43 along party lines late March 26 to confirm former Assistant Treasury Secretary Michael Faulkender as deputy treasury secretary. The Treasury Department issued a statement welcoming Faulkender’s confirmation; it didn't say whether he had been sworn in yet. At a Senate Finance Committee hearing on his nomination in early March, Faulkender said he wants to study whether changes should be made to the Biden administration’s October 2024 rule restricting outbound investment in China (see 2503060069).
Senate Foreign Relations Committee Chairman Jim Risch, R-Idaho, and Rep. Michael McCaul, R-Texas, chairman emeritus of the House Foreign Affairs Committee, both said March 26 that they welcome the Trump administration’s decision to add 82 entities, mostly tech firms in mainland China, to the Commerce Department’s Entity List (see 2503250075).
Reps. Zach Nunn, R-Iowa, and Jim Himes, D-Conn., reintroduced a bill March 26 that would require the administration to develop a strategy to prevent the use of digital assets for illicit activity, including sanctions evasion. The Financial Technology Protection Act, which the House passed in the last Congress (see 2407230002), was referred to the House Financial Services Committee. Sen. Ted Budd, R-N.C., is expected to reintroduce a Senate companion.
The Senate Foreign Relations Committee approved by voice vote March 27 a bill aimed at curbing China’s export of fentanyl precursor chemicals to Mexican drug traffickers.
Reps. Joe Wilson, R-S.C., and Jimmy Panetta, D-Calif., introduced a bill March 24 that would sanction Pakistan Army Chief of Staff Gen. Asim Munir under the Global Magnitsky Human Rights Accountability Act for allegedly undermining democracy, such as by imprisoning political opponents. The Pakistan Democracy Act was referred to the House Foreign Affairs and Judiciary committees.
A bipartisan group of six House members led by Rep. Brad Sherman, D-Calif., reintroduced a bill on March 25 that would sanction the Gaza-based Popular Resistance Committees, which participated in the Oct. 7, 2023, attack on Israel.
Sen. Ted Cruz, R-Texas, plans to reintroduce a bill aimed at ensuring that courts cannot vacate previously authorized permits for liquefied natural gas export projects, a Senate aide said March 24.
The Senate voted 60-31 late March 24 to confirm former U.S. ambassador to Mexico Christopher Landau as deputy secretary of state. Fifty Republicans, nine Democrats and one independent backed his nomination, while 31 Democrats were opposed. Nine senators didn’t vote. A State Department website indicates Landau was sworn in for his new role March 25. Landau testified at a hearing on his nomination in early March that the Trump administration plans to build international support for using sanctions to counter Iran’s nuclear weapons program (see 2503040038).
The Treasury and State departments are reviewing a recently introduced bill to restrict outbound investment in China, a key lawmaker said March 25.
Three Democratic senators urged the Trump administration March 24 to work with Congress if it needs more time to find a resolution that complies with a U.S. law requiring China’s ByteDance to sell TikTok or face a ban on the popular social media application.