The White House immediately endorsed a bipartisan Senate bill introduced Thusday to prevent national security risks posed by technology services from companies like China’s TikTok, which is increasingly being banned from government smartphones.
Two leading senators are calling on the Administration to press the European Union on the discriminatory aspects of EU digital regulations that they say target a handful of US companies.
President Biden’s $6.9 trillion fiscal year 2024 budget request puts an emphasis throughout on out-competing China by increasing investments in domestic manufacturing and infrastructure, while maintaining a strong US presence in the Asia Pacific.
“China is the United States’ only competitor with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military, and technological power to do it,” according to the President’s introduction to his budget.
The Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, suspended Russia from its ranks, citing the Russian Federation’s "actions unacceptably run counter to the FATF core principles aiming to promote security, safety, and the integrity of the global financial system.” The FATF also issued long-awaited guidance for members to implement its Recommendation 24, requiring countries to ensure that competent authorities have access to adequate, accurate and up-to-date information on the true owners of companies.
House Foreign Affairs Committee Chairman Michael McCaul released his interpretation of data on licensing outcomes from the Department of Commerce’s Bureau of Industry and Security (BIS) …
Marking the kickoff of a campaign to build support for the extension of Section 702 of the Foreign Intelligence Surveillance Act (FISA), Assistant Attorney General Matthew Olsen defended the measure in a speech at the Brookings Institution February 28th.
The U.S.-China Commission released a new staff research report on China's International Commercial Court (CICC). The report explores the “one-stop shop” dispute resolution center for Belt and Road Initiative (BRI)-related commercial disputes.
The Export-Import Bank of the US announced that September’s ask for $49 million long-term loan guarantee to support the export of approximately $36 million worth of U.S. engineering services and refining equipment has been doubled. …
The Directorate of Defense Trade Controls (DDTC) has updated the guidance for U.S. persons abroad (USPAB) applications. ...
The omnibus spending bill signed by President Biden allocates the Commerce Department $11.2 billion in net discretionary funding, an increase of $1.3 billion above the previous fiscal year, and an …
U.S. Customs and Border Protection (CBP) began detaining merchandise produced or manufactured by three importers at all U.S. ports of entry on Dec. 5, 2022. This enforcement action is the result of a CBP investigation …
United States Trade Representative Katherine Tai and Japan's Minister for Economy, Trade, and Industry Nishimura Yasutoshi signed a Memorandum of Cooperation (MOC) to launch a Task Force on the …
The Commission is collecting and will publish stakeholders’ contributions on EU Survey and make them available to the experts of the Member States in the DUCG. The Commission will also …
Called the Lieferkettengest, the German Supply Chain Due Diligence Act (GSCA) requires companies to assess human rights and environmental risks across their entire supply chain. …
Senate Finance Committee Chairman Ron Wyden (D-Ore) is questioning eight major automakers over reports that their supply chains may include materials sourced from the Xinjiang region of China, where …
Based on their establishment and use of their own robust foreign investment screening programs, the Committee on Foreign Investment in the US (CFIUS) has determined that New Zealand and the United Kingdom have met the Excepted Foreign States (EFS) determination requirements under CFIUS regulations.
Solicitors Regulation Authority has published guidance on the UK Sanctions Regime for SRA-regulated firms, solicitors, registered European lawyers and registered foreign lawyers. “The sanctions …
UK’s Second Economic Crime Bill is at odds with the EU decision. Hogan Lovells reminds clients, “An existing overseas entity (and its officers) who owns land but has failed to register at …
The European Commission has released a proposal to harmonize criminal offences and penalties for the violation of EU restrictive measures. Individual persons could be liable to a maximum penalty of …
The European Commission is proposing to create a new structure to manage frozen and immobilized public Russian assets, invest them and use the proceeds for Ukraine. The announcement includes measures …