The Defense Department routinely funds research by Chinese entities that the U.S. government has placed on restricted lists for their ties to China’s military or role in human rights abuses, compromising the value of those designations, the House Select Committee on China said in a new report released Sept. 5.
The Semiconductor Industry Association urged Congress Sept. 5 to reject proposed legislation that it says would impose an “unprecedented expansion” of export controls on advanced AI computing chips.
The Commerce Department’s spring 2025 regulatory agenda for the Bureau of Industry and Security features more than 20 new rulemakings that could introduce new or update existing export controls, including restrictions over advanced AI chips, emerging technologies, Russia-related controls and other revisions to the Export Administration Regulations.
Christopher Pilkerton, President Donald Trump’s nominee to be the Treasury Department's assistant secretary for investment security (see 2506040013), said Sept. 4 that he would aim to increase compliance with U.S. requirements for foreign investment.
Democrats in the Senate are arguing that it's time to pass a bipartisan bill that would authorize up to 500% tariffs on goods from countries that buy Russian oil and gas and aren't providing aid to Ukraine to defend itself.
Barloworld, a South Africa-based industrial equipment company, said it may have violated U.S. export controls and has disclosed the issue to the Bureau of Industry and Security.
A Texas-based freight forwarder will pay the Office of Foreign Assets Control more than $1.6 million to settle allegations that it violated sanctions against Venezuela and Iran. OFAC said company employees bypassed its sanctions compliance program procedures by working with a designated Venezuelan airline and an Iran-linked aircraft to transport goods from Mexico to a customer in Argentina.
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
Kimberly Prost, an International Criminal Court judge sanctioned by the Office of Foreign Assets Control last month, suggested that her designation may not meet OFAC sanctions criteria and that she’s considering challenging it. Although the listing has had “serious” financial and psychological effects on her and other ICC judges designated by the Trump administration this year, she said the court will continue its investigations.
The Bureau of Industry and Security is revoking Taiwan Semiconductor Manufacturing Company's status as a validated end-user, which allows the company to ship certain chip equipment to China under a general authorization, the company said Sept. 2.