The U.S. government should explore the possibility of prohibiting inbound Chinese foreign direct investment in a few sensitive high-sectors to ease the workload burden on the Committee on Foreign Investment in the U.S., a congressionally mandated commission heard last week.
The U.S.-China Economic and Security Review Commission should push Congress to devote more funding to the Bureau of Industry and Security, Commissioner Michael Kuiken said during a commission hearing last week.
The U.S. government should re-examine its export controls for aviation and shipbuilding to slow China’s advances in those dual-use sectors, a congressionally mandated commission heard May 23. The government also should consider more restrictions on Huawei and improve its efforts to get allies on board with U.S. export controls, the panel was told.
The U.K. this week issued a new warning to shipowners and brokers seeing large profits from selling older ships to unknown buyers, saying they need to make sure they aren’t selling to a person with ties to Russia or who plans to violate Russian oil sanctions.
The U.S. declined to prosecute a Massachusetts biochemical company that was part of an illegal export scheme involving China, the first time DOJ’s National Security Division has offered a corporate declination under its recently updated voluntary self-disclosure program.
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The U.S. hasn’t done enough to coordinate its China-related trade restrictions with U.S. allies, especially its semiconductor export controls, Craig Allen, head of the U.S.-China Business Council, told Biden administration officials this week.
A Virginia-based technology company said it received warning letters from both the Bureau of Industry and Security and the Office of Foreign Assets Control after disclosing possible Russia-related sanctions violations to both agencies last year.
U.S. export controls may not be the best way to counter China’s legacy semiconductor industry, especially because the EU and other allies aren’t likely to adopt similar restrictions, researchers said this month. The researchers said they expect the U.S. to turn more frequently to entity-based controls -- including through the Bureau of Industry and Security’s Entity List -- and other national security tools to address risks relating to more mature-node chips.
EU industry gave a wide range of feedback on the European Commission’s January white paper on export controls, saying they support the idea of a new EU-wide forum to coordinate on export restrictions and urged the commission to do more to make sure new controls are introduced evenly across all member states. Others said the EU should set binding deadlines for licensing decisions, fix the bloc’s “vague” export definition for intangible technology transfers, and make it easier for companies to navigate EU member states’ increasingly conflicting export rules.