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U.S. International Development Finance Corp. Chief Executive Scott Natan met with the House Foreign Affairs Committee Tuesday to discuss the "DFC's Efforts to Out Compete China's Belt & Road Initiative," as the committee looks to prepare funding for FY 2025.
Rep. Kathy Manning (D-NC) cautioned members against viewing the DFC only as a tool to promote rivalry with the PRC. "We cannot be seen as a reliable partner if our motivations are viewed only through the prism of some great power competition, or if we only show up when we need something.
US businesses with suppliers located in China’s Xinjiang region cannot rely on social audits to confirm whether forced labor in being used in their supply chains, a top Administration labor official told lawmakers in an April 30 hearing.
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“Social audits in China should not be seen as an authoritative source for companies reflecting on-the-ground human rights conditions,”Deputy Undersecretary of Labor for International Affairs Thea Lee said.
U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to …
BIS Publishes final rule making conforming and clarifying changes to the Export Administration Regulations (EAR).
These changes include making conforming changes to the EAR to ensure that destination names reflect the current destination names that are recognized by the United States Government, clarifying the removal of certain license requirements for exports, reexports, and transfers (in-country) to and within Australia and the United Kingdom, making a conforming change to reflect that Cyprus is no longer a Country Group D:5 country, and clarifying how Russia and the Russian Federation are referenced for consistency with the designation of Russia as a U.S. Arms Embargoed destinations.
Reuters reports the Commerce Department is considering a new regulatory push to restrict the export of proprietary or closed source AI models
There are currently no restrictions on the sale of AI models to foreign adversaries, presenting a potential national security risk.
OFAC announced it has removed Russo-Maltese executive jet operator Emperor Aviation and its fleet from the list of Specially Designated Nationals. No explanation was provided for the change.
The company and aircraft had been added to OFAC’s Specially Designated Nationals (SDN) list for conducting travel for the family of Suleiman Kerimov.
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