Washington Update

February 15th, 2024
By USCBC Government Affairs
Long story short

In a surprise announcement, Chair of the Select Committee on the CCP Mike Gallagher (R-WI) said he will not be seeking reelection. The committee’s fate in the next Congress remains to be seen, regardless of who controls the House. Read more

The announcement hasn’t slowed the committee’s momentum. There will be a delegation to Taiwan next week, and members of the committee were recently in Boston to talk to biotech firms about challenges in China. Read more

In...

February 9th, 2024
By USCBC Government Affairs
Long story short

This week, Treasury officials traveled to Beijing for the third Economic Working Group meeting with China’s Ministry of Finance. Under Secretary of Commerce Marisa Lago also held a video call with Chinese Vice Minister of Commerce Wang Shouwen to plan the upcoming Commercial Issues Working Group meeting. Read more

The International Trade Commission rejected anti-dumping and countervailing duties on tin mill steel imported from China and several other countries,...

February 2nd, 2024
By USCBC Government Affairs
Long story short

After meeting with Foreign Minister Wang Yi in Bangkok over the weekend, National Security Advisor Jake Sullivan announced that a presidential phone call is in the works. Sullivan and Wang discussed an array of global and bilateral issues. Read more

A new proposed know-your-customer rule for cloud computing is aimed at curbing China and others from using services provided by US firms to train AI models that could be used for malicious purposes. The Commerce Department...

January 26th, 2024
By USCBC Government Affairs
Long story short

The House Select Committee on the CCP is pushing for tougher enforcement of the US ban on imports from China’s Xinjiang province. Committee leadership has called for expanding screening measures, adding more Chinese firms to a forced labor blacklist, and lowering the de minimis threshold. Read more

The Department of Commerce is conducting a survey to better understand how US companies are sourcing older-generation semiconductors. The survey will inform future policies...

January 19th, 2024
By USCBC Government Affairs
Long story short

Despite a growing consensus to legislate on outbound investment review, lawmakers continue to debate the merits of a sector- vs. sanctions-based regime. The House Foreign Affairs Committee held a related hearing on Wednesday, and several lawmakers met yesterday to discuss a compromise bill. Read more

On Wednesday, a House Foreign Affairs subcommittee held a hearing on protecting emerging technologies. Several Biden administration officials were subjected to...

January 11th, 2024
By USCBC Government Affairs
Long story short

Leadership of the House Select Committee on the CCP has asked Commerce Secretary Gina Raimondo and US Trade Representative Katherine Tai to address Chinese practices that distort the market for older-generation microchips. Commerce announced in December that it will be looking into US sourcing of these legacy chips to determine whether tariffs or export controls are necessary. Read more

Earlier this week, the United States and China held senior defense talks in-person...

January 4th, 2024
By USCBC Government Affairs
Long story short

The United States has extended tariff exclusions on more than 400 products from China through the end of May. The Office of the US Trade Representative was expected to complete a four-year statutory review of the Section 301 tariffs on a raft of Chinese goods by the end of last year, but the process remains ongoing. Read more

The Bureau of Industry and Security released answers to frequently asked questions about export controls on advanced semiconductors and...

December 20th, 2023
By USCBC Government Affairs
Long story short

The Select Committee on the CCP released more than 100 recommendations on China trade policy last week. While the final report does not recommend revoking China’s Permanent Normal Trade Relations status, it does call for a significant increase in tariffs on Chinese products. Many of the committee’s recommendations could appear in proposed legislation next year. Read more

Congress passed the National Defense Authorization Act for 2024. While the bill includes a number...

December 8th, 2023
By USCBC Government Affairs
Long story short

Commerce Secretary Gina Raimondo urged Congress for additional funding to maintain US global leadership in critical technologies. In particular, she is seeking additional resources to help enforce US export control laws. Read more

China’s Permanent Normal Trade Relations status attracts congressional interest. The House Select Committee on the CCP reportedly is considering making a recommendation to revoke the status, which would have broad economic consequences in...

November 30th, 2023
By USCBC Government Affairs
Long story short

Congress is unlikely to reach a compromise on outbound investment in time to include new restrictions in the annual defense authorization bill. A key committee chair is against legislating on outbound investment review, and among those in favor, there is no consensus on the best way forward. Read more

However, we can still expect lawmakers to push for tougher outbound investment restrictions in early 2024. House Foreign Affairs Committee Chairman Michael McCaul has...

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